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$499,500

Est. payment - /mo

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3 BD

2 BA

1,301 SqFt

Active

3251 24th AVE Sacramento, CA 95820

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Graeham Watts

graehamwatts@gmail.com +1(650) 308-4727

UPDATED:

10/26/2024 05:17 AM

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 1,301 sqft

Price per Sqft $383

MLS Listing ID ML81984916

Bedrooms 3

Full Baths 2

Year Built 1939

Lot Size 6,098 Sqft

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 Sacramento Elder Creek/Fruitridge - 10820

Zoning R-1

Interior

Heating Floor Furnace , Other

Cooling Ceiling Fan, Window / Wall Unit

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Common Parking Area, Off-Street Parking, On Street, Uncovered Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter, Concrete Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Level or Stories 1

Others

Tax ID 022-0012-029-0000

Security Features Security Fence

Horse Property No

Special Listing Condition Not Applicable

Listed by Darlene Tucker • Multisource

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Graeham Watts

Realtor | License ID: 01466876

+1(650) 308-4727

3251 24th AVE Sacramento, CA 95820

Graeham Watts

Key Details

Location

Interior

Exterior

Building

Others

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3251 24th AVE