$525,000
$525,000
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0.31 Acres Lot
SOLD DATE : 06/09/2022
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222013764
Sold Date 06/09/22
HOA Y/N No
Year Built 1950
Lot Size 0.308 Acres
Acres 0.308
Lot Dimensions 95X146X101x137
Property Sub-Type Quadruplex
Source MLS Metrolist
Property Description
Fixer- 2 duplexes on 1 lot. Plenty of room in the back for future expansion or ADU. This complex consists of 4 1 bedroom, 1 bath units total current rents are $37,200 Current GRM 14.11 . According to the attached rental survey (see attachments) the market rents @ the 50th percentile would total $59,568 with a proforma GRM of 8.81! The roof on both of the buildings were replaced last year. Currently the cheapest individual duplex in the county is $409,000 and you get 2 here for $525,000. Also, the next cheapest 4 plex in the county is $74,000 more. Assume for now all the units will need some updating for Top Dollar Rents, but this is undeniably the best value in Sacramento County right now. We will be updating this information within just a few days with extensive interior and exterior pictures. We are looking for cash or large down payment offers without and expectation of repairs. Write offers subject to inspection.
Location
State CA
County Sacramento
Area 10824
Direction 99 to 47th turn on Franklin then turn onto 41st Ave.
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling Wall Unit(s), Window Unit(s)
Flooring Tile, Laminate, Varies by Unit
Equipment Varies by Unit
Appliance Free Standing Gas Range
Laundry Other
Exterior
Exterior Feature Fenced Yard
Parking Features Offsite, Carport
Carport Spaces 2
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
View City
Roof Type Composition
Topography Level
Porch Varies by Unit
Total Parking Spaces 10
Building
Lot Description Shape Regular, Curbs/Gutters
Story 1
Foundation Raised
Sewer In & Connected
Water Public
Architectural Style Ranch
Level or Stories One
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 037-0091-002-0000
Special Listing Condition None
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