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Muhammad Chaudhary
KW CA Premier - Sacramento
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INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250,000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40,000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26,926 vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150,000.00. Refer to the attached offering memorandum.
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Total Bedrooms : 3
Total Baths: 1
Full Baths: 1
Sewer: Public Sewer
Kitchen Features : Breakfast Area
Roof : Composition
Laundry Features: See Remarks
Composition
Other
Heating: Other
Cooling: Other
Water Source: Public
Number of Fireplaces: 1
Fireplace Features: 1
Year Built: 1940
Construction: Stucco,Frame
Roof: Composition
Foundation Details: Raised
Foundation Details: Raised
See Remarks
Lot Description: Street Lights
Lot Square Feet: 6,970
Stories: 1
Main Square Feet: 1,368
Property Type: Residential
Sub Type: Single Family Residence
Style: Traditional
SQ ft (Living Area): 1,368
Construction Materials: Stucco,Frame
Property Age: 84
Cross Street: Howe Ave.
Source Neighborhood: 10821
Postal Code Plus 4: 1505
Area: Sacramento S: 95821
Zoning: C-2
Living Area Source: Owner
Structure Type: Detached
Irrigation Source: Public District
Listing Id: 223082464
List Price: $385,000
List Price Tot SqFt: $281
Parcel Number: 266-0170-026-0000
No of Garage Spaces: 1
Uncovered Parking Space
Association YN : No
Calculated Total Monthly Association Fees : $0
Elementary School District: San Juan Unified
Junior High School District: San Juan Unified
Senior High School District: San Juan Unified
Public
Electric: See Remarks
Direction: I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
West Way, Sacramento, CA,95821 | $599,950 | 3 | 2 | 1,412 | -- |
Ione Street, Sacramento, CA,95821 | $539,000 | 3 | 2 | 1,607 | -- |
Engle Road, Sacramento, CA,95821 | $699,000 | 4 | 3 | 1,952 | -- |
Marconi Avenue, Sacramento, CA,95821 | $369,000 | 2 | 1 | 1,098 | -- |
Marconi Avenue, Sacramento, CA,95821 | $475,000 | 4 | 2 | 1,777 | -- |
Marconi Avenue, Sacramento, CA,95821 | $359,000 | 2 | 1 | 718 | -- |
Marconi Avenue, Sacramento, CA,95821 | $425,000 | 4 | 2 | 1,452 | -- |
Marconi Avenue, Sacramento, CA,95821 | $435,000 | 3 | 1 | 1,349 | -- |
Ralston Road, Sacramento, CA,95821 | $1,200,000 | 7 | 4 | 2,254 | -- |
Calle Vista Way, Sacramento, CA,95821 | $650,000 | 2 | 2 | 2,521 | -- |
ByOwner last updated this listing 05/15/2024 @ 17:03
MLS: 223082464
LISTED BY: Muhammad Chaudhary, KW CA Premier - Sacramento
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.