$385,000

2121 Marconi Avenue Sacramento, 95821

3 Beds | 1 Full Baths | 1,368 SqFt | 0.2 Acres

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.
Primary
Property Subtype:
Single Family Residence
Bedrooms:
3
Full Bathrooms:
1
Acres:
~ 0.16
Approximate Square Footage:
1,368
Lot Square Footage:
6,970
Stories:
1
Stories Description:
One
Subtype Description:
Detached
Year Built:
1940
Community
County:
Sacramento
Senior Community:
No
HOA:
No
HOA Dues:
$0
Zoning:
C-2
Features
Garage Spaces:
1
View Description:
City, City Lights
Air Conditioning:
Other
Floor Covering(s):
Other
Garage:
Uncovered Parking Space
Laundry Description:
See Remarks
No. Of Fireplaces:
1
Pool:
No
Horse Property:
No
Exterior
Construction:
Stucco, Frame
Foundation:
Raised
Roof Description:
Composition
Site Description:
Street Lights
Driveways & Sidewalks:
Sidewalk/Curb/Gutter
Style Description:
Traditional
Utilities
Domestic Water:
Public
Electric:
See Remarks
Heat:
Other
Irrigation Water:
Public District
Utilities:
Public
Schools
School Name 1:
San Juan Unified
School Name 2:
San Juan Unified
School Name 3:
San Juan Unified
Listing
Listing Number:
223082464
Listing Office Name:
KW CA Premier - Sacramento

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2024 MetroList Services, Inc.

Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.

Listing information last updated on May 19, 2024, 5:14 am PDT