Property Details
About this Property
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.
MLS Listing Information
MLS #
ME223082504
MLS Source
MetroList Services, Inc.
Interior Features
Kitchen
Breakfast Bar, Breakfast Nook
Appliances
Other
Dining Room
In Kitchen
Flooring
Carpet, Laminate
Laundry
Other
Cooling
Other
Heating
Electric, Other
Exterior Features
Roof
Composition
Foundation
Raised
Pool
Pool - No
Style
Traditional
Parking, School, and Other Information
Garage/Parking
No Garage, Garage: 0 Car(s)
Elementary District
San Juan Unified
High School District
San Juan Unified
Sewer
Public Sewer
Water
Public
Zoning
C-2
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
2129 Marconi Ave is a Residential in Sacramento, CA 95821. This 1,452 square foot property sits on a 6,970 Sq Ft Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $389,250 and was built in 1940. This address can also be written as 2129 Marconi Ave, Sacramento, CA 95821.
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This listing information is up-to-date as of October 02, 2024. For the most current information, please contact Muhammad Chaudhary, (916) 892-9949
