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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 499,500

Est. payment -/mo

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3251 24th AVE Sacramento, CA 95820

1,301 SqFt

UPDATED:

10/26/2024 05:37 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,301 sqft

Price per Sqft $383

MLS Listing ID ML81984916

HOA Y/N No

Year Built 1939

Annual Tax Amount $3,900

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Investor Opportunity - 2 Homes on One Lot With potential Room For Expansion and a 8.4% CAP RATE Located in Sacramento, this prime investment opportunity features 2 homes on one lot with potential to add another ADU. The front house being paired with the new ADU offers immediate rental income. With the flexibility to potentially build another unit, this property is perfect for investors looking to maximize returns in an area with high rental demands. Both homes are move-in ready, making this a great option for investors or multi-generational living, The spacious lot offers ample room for further development, giving the buyers the chance to increase the properties value even more. With an estimated annual rental income of $42,000 and a strong 8.4% cap RATE, this property provides excellent value for investors.Both homes are move-in ready, and the spacious lot offers ample room for further development, giving buyers the chance to increase the property's value even more. Whether you plan to rent all units or occupy one and rent the others, this property offers growth potential and versatility for savvy buyers. Priced to sell, and with easy access to local amenities, this property won't last long! Act now to schedule your viewing and seize this exceptional opportunity.

Location

State CA

County Sacramento

Area 699 - Not Defined

Zoning R-1

Interior

Heating Floor Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Garage Off Street, Uncovered

View Y/N No

Roof Type Composition

Accessibility None

Parking Type Off Street, Uncovered

Total Parking Spaces 6

Building

Story 1

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Schools

School District Sacramento City Unified

Others

Tax ID 02200120290000

Acceptable Financing FHA

Listing Terms FHA

Special Listing Condition Standard

Listed by Darlene Tucker • Multisource

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

3251 24th AVE Sacramento, CA 95820

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3251 24th AVE