NOT LISTED FOR SALE
8 Beds
4 Baths
800 Sq Ft
0.28 Acres

Last Sold April 15, 2022

Last sale price $1,510,000 $1,888 Per Sq Ft

3 Days on Market

Highlights

  • RV or Boat Parking
  • Security Gate
  • Ceiling Fan
  • No HOA
  • Guest Parking
  • Laundry Facilities

About This Home

As of April 2022

Incredible business opportunity. Currently run as a board and care facility in a desirable area near Arden Mall. 8 large, 2 bedroom 1 bath units approx. 800 square feet each. Conveniently located near shopping, transportation, downtown. Area is seeing tremendous growth with strong rents. Complete with laundry facility and small management office. Come check out this fantastic and diverse business opportunity today. You'll be glad you did.

Last Agent to Sell the Property

Alex Genigeorgis

Placer 1 Realty License #01478410 Listed on: 01/08/2022

Last Buyer's Agent

Angelique Marriott

Realty One Group Complete License #00899231

Realty One Group Complete

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Security Gate

Kitchen

  • Built-In Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum

Parking

  • 8 Parking Spaces
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected
  • Property is located within a water district
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 278-0250-003-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Units Leased Month-To-Month
  • Insurance Expense $3,000
  • Maintenance Expense $7,200
  • Net Operating Income $205,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1963
  • Levels: Two
  • Stories: 2
  • Number of Two Bedroom Units: 8
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven, Free Standing Refrigerator, Microwave, Dishwasher, Disposal
  • Flooring: Carpet, Linoleum, Varies by Unit
  • Price Per Square Foot: 207.87

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Slab
  • Listing Price: 1500000.00
  • Lot Features: Curb(s)

Garage/Parking

  • Parking Features: Boat Storage, Open, RV Storage, Uncovered, Guest Parking Available
  • Total Parking Spaces: 8.00

Utilities

  • Security: Security Gate
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, Cable Connected, City
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Water Source: Water District, Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: RD 32
  • Irrigation: Public District, Meter on Site
  • Lot Size Acres: 0.2808
  • Lot Size Sq Ft: 12232.00

Rental Info

  • Tenant Pays: None
  • Lease Term: Month To Month
  • Owner Occupied Units: 8
  • Total # Leasable: 8

Multi Family

  • Gross Income: 307200
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 3000
  • Maintenance Expense: 7200
  • Number of Leased Units: 8
  • Number of Month to Month Units: 8
  • Number of Units: 8

Tax Info

  • Assessor Parcel Number: 278-0250-003-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $1,510,000 +0.7% $1,888 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $1,500,000 -- $1,875 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222001929

MetroList