$1,325,000
$1,350,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 05/17/2024
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Colonia Acres
MLS Listing ID 224029080
Sold Date 05/17/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1953
Lot Size 0.320 Acres
Acres 0.32
Property Description
Excellent turn-key investment. A great opportunity to own a 4-Plex (2 duplex on one lot), centrally located. 6648,6650,6652, & 6654 are all single-story units with 2 bedrooms, 1 full bath, and a 1 car garage. Each property features a comfortable living room, spacious kitchen, and laundry hook-ups. The large driveway provides plenty of off- street parking. There are 2 quiet & private back yards that are shared by the tenants. Close to everything; shopping, restaurants, schools, Sac State University, UC Davis Medical Center, downtown, and freeway access. PLEASE DO NOT DISTURB THE TENANTs. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,562, $1,854, $2,045, and $2,002 per month. In addition to rents, tenants also pay a total of $432, combined per month, towards sewer/water/garbage. Total monthly income is $7,895. Total annual income is $94,743. 7.02% Cap Rate. A fantastic investment opportunity with lots of potential.
Location
State CA
County Sacramento
Area 10820
Direction Hwy 50 to south on 65 th Street to LEFT on 14 th Ave. Across from Hiram Johnson High School.
Interior
Heating Central, Separate, Other
Cooling Separate, Central
Flooring Carpet, Vinyl, Linoleum, Varies by Unit
Window Features Window Coverings,Varies by Unit
Appliance Varies By Unit, See Remarks
Laundry Washer/Dryer Hookups
Exterior
Exterior Feature Yard Space
Parking Features Attached, Garage, Varies by Unit
Garage Spaces 4.0
Utilities Available Natural Gas Connected, City, Electric
Water Access Desc Meter on Site,Public
Roof Type Composition
Topography Level
Total Parking Spaces 10
Building
Lot Description Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
Story 1
Foundation Other
Sewer In & Connected
Water Meter on Site, Public
Architectural Style Contemporary
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 021-0075-004-0000
Special Listing Condition Other
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