Excellent turn-key investment. A great opportunity to own 4 darling & desirable detached cottages on one lot, centrally located on a quiet street near shopping, restaurants & downtown. 3226,3228 & 3230 W Street are all cute 1 bedroom, 1 full bath cottages with lots of character and charm. Each property features a comfortable living room, spacious kitchen, and inside laundry hook-ups. 3226 is located over the 3-car garage and features 2 bedrooms & 1 full bath. Garage spaces are offered to the tenants to rent for additional income. Tenants pay gas & electricity. Close to everything; UC Davis Medical Center, downtown, award winning schools, shopping, parks & freeway access. PLEASE DO NOT DISTURB THE TENANTs. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,300, $1,321, $1,595, and $1,695 per month. In addition to rents, tenants also pay a total of $224, combined per month, toward sewer/water/garbage. Total monthly income is $6,135. Total annual income is $73,620. GRM is 16.3 and 6.14% Cap Rate. A fantastic investment opportunity with lots of potential.
Property Type :
ResidentialIncome
County :
Sacramento
Style :
ResidentialIncome
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ByOwner last updated this listing 05/06/2024 @ 04:08
MLS: 224029058
LISTED BY: Greg Batchelder, Lyon RE Folsom
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
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.
