Property Details
About this Property
Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the property with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.
MLS Listing Information
MLS #
ME224080798
MLS Source
MetroList Services, Inc.
Interior Features
Flooring
Tile, Vinyl
Cooling
Central Forced Air, Other
Heating
Central Forced Air
Exterior Features
Foundation
Raised, Slab, Concrete Perimeter and Slab
Style
Bungalow, Cottage
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Water
Public
HOA Fee
$0
Zoning
R2B
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 1 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,500 | 4 | 2/0 | $2,990 |
| 2 | 600 | 2 | 1/0 | – |
| 3 | 600 | 2 | 1/0 | – |
| 4 | 1,200 | 3 | 2/1 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
3125 3rd Ave is a Residential Income in Sacramento, CA 95817. This 3,900 square foot property sits on a 6,098 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in –. This address can also be written as 3125 3rd Ave, Sacramento, CA 95817.
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This listing information is up-to-date as of September 26, 2024. For the most current information, please contact Michael Nerby, (916) 847-5409
