$1,275,000
SOLD JUN 25, 2024
4 Beds
4 Baths
2,200 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$580 Per Sq Ft

2% Below List Price

161 Days on Market

Highlights

  • No HOA
  • Fenced Yard
  • Tile Flooring

About This Home

As of June 2024

We are pleased to present the opportunity to acquire this 10-unit multi-family property, features a mix of 8 one-bedroom/one-bathroom units, & 2 two-bedroom/1-bathroom units, 7% Cap Rate, plenty of outside parking, laundry hookups, some unit have been renovated, Section 8 Vouchers in over half the units Allowing For Guaranteed Income. Offered at $140,000/Unit. Close to Restaurants, Retailers, Schools & Downtown Sacramento. A Must See!

Last Agent to Sell the Property

Frank Thornton

Arriaga Real Estate License #01250086 Listed on: 11/21/2023

Last Buyer's Agent

Matthew Sarro

Collier's International CA, Inc. License #01942991

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced Yard

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 263-0202-002-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 4 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1964
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate

Exterior Features

  • Construction Materials: Stucco, Wood
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1299000.00
  • Lot Features: Shape Regular, Sidewalk
  • New Construction: No
  • Pool: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking Features: Detached, Uncovered
  • Total Parking Spaces: 12.00

Utilities

  • Security: Carbon Mon Detector, Fire Extinguisher, Smoke Detector
  • Sewer: Sewer Connected
  • Utilities: Natural Gas Connected
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Zoning Description: R2b
  • Irrigation: Public District
  • Lot Size Acres: 0.2300
  • Lot Size Sq Ft: 10019.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 10
  • Total Number Section8: 7
  • Number of Leased Units: 10
  • Number of Month to Month Units: 4
  • Number of Units: 10

Tax Info

  • Assessor Parcel Number: 263-0202-002-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

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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
06/25/2024 06/25/24 Sold $1,275,000 0.0% $580 / Sq Ft
05/01/2024 05/01/24 Off Market $1,275,000 -- --
04/30/2024 04/30/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $1,299,000 0.0% $590 / Sq Ft
03/15/2024 03/15/24 For Sale $1,299,000 -3.7% $590 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $1,349,000 0.0% $613 / Sq Ft
02/29/2024 02/29/24 For Sale $1,349,000 -3.6% $613 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
11/21/2023 11/21/23 For Sale $1,399,900 +47.4% $636 / Sq Ft
12/03/2019 12/03/19 Sold $950,000 0.0% $432 / Sq Ft
11/30/2019 11/30/19 Off Market $950,000 -- --
07/04/2019 07/04/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $1,100,000 +88.0% $500 / Sq Ft
02/23/2016 02/23/16 Sold $585,000 +0.9% $266 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $580,000 +56.8% $264 / Sq Ft
05/29/2012 05/29/12 Sold $370,000 -3.9% $493 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
12/31/2011 12/31/11 For Sale $385,000 -- $513 / 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: 223107420

MetroList