Pending

Lampasas Avenue

Sacramento, CA 95815

$639,893 $2,697/Mo

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Description

Exceptional investment opportunity! This beautifully renovated quadruplex features four spacious units, 2 units rented with reliable, on-time paying tenants (1 unit with section 8 tenant). The current rents are below market and due for increase. Two units will be vacated by mid December. Other two of the units have leases ending in February and March (potential to get higher paying tenants). With modern upgrades and well-maintained interiors, this property is turnkey and perfect for the savvy investor. Each apartment has 2 A/C wall units that are fairly new. A must-see for those seeking steady rental income and long-term value. It is priced well below market value. The seller is retiring and is winding down their real estate investments, so a great opportunity to own an income-producing in vestment.

Property Details

Property Type : ResidentialIncome

Price : $639,893

AD Id : 60774908

MLS Id : 224127296

Living Area Size : 1,944

Year Built : 1955

County : Sacramento

Map

Features

Bedroom Information

Window Feature: Dual Pane Full,Window Coverings,Window Screens

Water/Sewer

Sewer: In & Connected, Public Sewer

Room Information

Window Feature: Dual Pane Full, Window Coverings, Window Screens
Flooring Information

Tile, Laminate, Vinyl, Linoleum
Roofing Information

Shingle, Composition
Interior Features

Roof: Shingle, Composition Appliances: Free Standing Gas Oven, Built-In Electric Oven, Free Standing Gas Range, Free Standing Refrigerator, ENERGY STAR Qualified Appliances Laundry Features: Other
Heating & Cooling

Heating: Separate, Gas Cooling: Ceiling Fan(s), Wall Unit(s), MultiUnits WaterSource: Water District, Meter on Site
Energy

Green Energy: Appliances,Water Heater

Building Information

Year Built: 1955 Stories: 1 Construction Materials: Concrete, Stucco, Frame, Wood Basement: None Roof: Shingle,Composition Foundation Details: Concrete, Slab
Exterior Features

Fenced Yard, Yard Space, Play Area

Foundation Details: Concrete, Slab

Porch: Covered Patio
Laundry Features

Other

Patio And Porch

Covered Patio

Lot Information

Lot Description: Curb(s), Shape Regular, Landscape Back, Landscape Front Lot Square Feet: 6,970 Stories: 1 Main Square Feet: 1,944 Topography: Level

Property Information

Property Type: ResidentialIncome Sub Type: Quadruplex Style: Ranch SQ ft (Living Area): 1,944 Construction Materials: Concrete,Stucco,Frame,Wood Property Age: 71 Cross Street: Beaumont St Source Neighborhood: 10815 Area: Sacramento S: 95815 Zoning: R-2B Living Area Source: Assessor Auto-Fill Structure Type: Apartments

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 224127296 List Price: $639,893 List Price Tot SqFt: $329

Tax Information

Parcel Number: 263-0202-004-0000

Parking Information

Parking Total: 5 Side-by-Side, Street, Uncovered

Elementary School District: Dry Creek Joint

Junior High School District: Dry Creek Joint

Senior High School District: Center Joint Unified
Utility Information

Natural Gas Connected, City, Electric Electric: 220 Volts
Location Information

Direction: From El Camino ave, turn north on Evergreen Ave and left on Lampasas Ave to the property on the left.

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