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.
Property Details
Price:
$499,500
MLS #:
ML81984916
Status:
Active
Baths:
0
Address:
3251 24th Avenue
Type:
Residential Income
Subtype:
Mixed Use
Neighborhood:
699notdefined
City:
Sacramento
Listed Date:
Oct 25, 2024
State:
CA
ZIP:
95820
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1939
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Schools
Interior
Accessibility Features
None
Cooling
Wall/ Window Unit(s)
Heating
Floor Furnace
Exterior
Foundation Details
Concrete Perimeter, Slab
Garage Spaces
0.00
Parking Features
Off Street, Uncovered
Parking Spots
6.00
Roof
Composition
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address3251 24th Avenue Sacramento CA
- Area699 – Not Defined
- CitySacramento
- CountySacramento
- Zip Code95820
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3251 24th Avenue
Sacramento, CA
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