Property Map
Street View
Courtesy of KW CA Premier – Sacramento.
Description
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.
Property Details and Features
Bathrooms
- 1 full bathroom
Bedrooms
- 3 total bedrooms
Building
- Levels: One
- Living Area: 1368
- Stories: 1
- Year Built: 1940
Disclosures
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Dining Room
- Dining: Space in Kitchen
Fireplaces
- Features: Living Room
Floors
- Flooring: Other
Foundation
- Details: Raised
Garage
- Spaces: 1
Kitchen
- Details: Breakfast Area
Laundry
- Laundry Features: See Remarks
Listing
- Contract Status Change Date: 2023-08-25
- List Price: $385,000
- Listing Id: 223082464
- Mls Status: Active
Location
- County Or Parish: Sacramento
- MLS Major Area: 10821
- Postal Code Plus4: 1505
- Postal Code: 95821
- State Or Province: CA
Lot
- Features: Street Lights
- Lot Size Acres: 0.16
- Lot Size Square Feet: 6,970
- Parcel Number: 266-0170-026-0000
Living Room
- Details: Other
Parking
- Open Parking Spaces: 0
Property
- Property Sub Type: Single Family Residence
- Property Type: Residential
Roof
- Roof: Composition
Schools
- School District County: Sacramento
- High School District: San Juan Unified
- Middle Or Junior School District: San Juan Unified
- Elementary School District: San Juan Unified
Utilities
- Sewer: Public Sewer
- Utilities: Public
- Water Source: Public
This data up-to-date as of October 5, 2024 20:06.