$499,500
3251 24th AVE Sacramento, CA 95820
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$499,500
Est. payment /mo
1,301 SqFt
New
3251 24th AVE Sacramento, CA 95820
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