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    420 Cleveland Avenue

    Sacramento, CA 95833
    • $639,000
    • STATUS: Active
    • ON SITE: 263 days
    • ID#: 20007562
    UPDATED: 68 min ago
    $639,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs last year. There is a lot of room to bump the rents as well. Approximately 13,000 to $15,000 under market in annual rent presently. Add $13,000 more proforma return is a 10.79% cap rate. This is a unique little community in a close knit environment. Also, owner has other props to sell with this if you need more units 6 plex, duplexes, but they must sell with this property. Bring us an offer now. Its a great return and is easier than many more conventional properties.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-10-28T12:38:38.317. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.lucasgphomes.com/homes/103030703
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    420 Cleveland Avenue Sacramento, CA 95833

    • Price: $639,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 20007562
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    1949
    Built
    Neighborhood:
    No Sacto/Natomas/Del Paso Height
    County:
    Sacramento
    Area:
    No Sacto/Natomas/Del Paso Height
    Elementary School:
    Twin Rivers Unified
    Middle School:
    Twin Rivers Unified
    High School:
    Twin Rivers Unified
    School District:
    Sacramento
    Property Description
    Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs last year. There is a lot of room to bump the rents as well. Approximately 13,000 to $15,000 under market in annual rent presently. Add $13,000 more proforma return is a 10.79% cap rate. This is a unique little community in a close knit environment. Also, owner has other props to sell with this if you need more units 6 plex, duplexes, but they must sell with this property. Bring us an offer now. Its a great return and is easier than many more conventional properties.
    Exterior Features

    Approx Elevation 0 Construction Frame Covered Parking Spaces 0 Exterior Siding LapStucco Lot Dimensions 66 X 310 Parking Open Roof Comp Shingle Stories 1 Style Ranch Uncovered Parking Spaces 20

    Interior Features

    Air Refrig Wall Units Equipment Washer/DryerWater Cond Eqp Owned Floor Coverings LaminateTile Furnished None Heat Furnace Wall Kitchen Appliances Oven Gas F/SRange Gas F/S Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Half Baths 0 Unit1 Sq Ft 450 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 650 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 400 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 400

    Property Features

    1 Bedroom Units 1 2 Bedroom Units 0 3 Bedroom Units 0 Amenities Other-Rmks CCRs Yes Cross Street Address American Energy Features Ceiling Fan(S)Other-Rmks HOA No Hoa Dues 0 Individual Units 13 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 5 Tenant Pays Electric Total Leasable 13 Unit1 Rent 550 Unit2 Rent 850 Unit3 Rent 625 Unit4 Rent 625 Year Remodeled 0 Zoning R-1

    Listing provided courtesy of Re/Max Gold Folsom. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-10-28T12:38:38.317. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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