$359,000
2 Beds
1 Bath
718 SqFt
0.16 Acre Lot
6,970 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1940
Neighborhood
Days on Website 406

Property Map

$359,000 – 2125 Marconi Avenue, Sacramento, CA 95821

Street View

MLS LogoCourtesy 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

  • 2 total bedrooms

Building

  • Levels: One
  • Living Area: 718
  • Stories: 1
  • Year Built: 1940

Disclosures

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Dining Room

  • Dining: Other

Floors

  • Flooring: Carpet,Laminate

Foundation

  • Details: Raised

Garage

  • Spaces: 1

Kitchen

  • Details: Breakfast Area

Laundry

  • Laundry Features: See Remarks,Other

Listing

  • Contract Status Change Date: 2023-08-25
  • List Price: $359,000
  • Listing Id: 223082498
  • Mls Status: Active

Location

  • County Or Parish: Sacramento
  • MLS Major Area: 10821
  • Postal Code: 95821
  • State Or Province: CA

Lot

  • Features: Shape Regular,Street Lights
  • Lot Size Acres: 0.16
  • Lot Size Square Feet: 6,970
  • Parcel Number: 266-0170-025-0000

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

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This data up-to-date as of October 5, 2024 20:06.