Address
420 Cleveland Avenue Sacramento, CA
Price
$ 639,000
Property Attributes
  • MLS#20007562
  • TypePending
  • CountySACRAMENTO
  • CitySacramento
  • Zip95833
  • StyleRanch
  • Price$ 639,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size0.47 Acres
Listing Provided Courtesy Of:
C Fred Wilcox CalBRE# - 01073374 with RE/MAX Gold Folsom
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.

Elementary School Middle School High School
Twin Rivers Unified Elementary School Twin Rivers Unified Middle School Twin Rivers Unified High School
Price History
2/8/2020 Listed $639,000

General Features

Air Refrig Wall Units
Amenities Other-Rmks
Apn 274-0132-015-0000
Area 10833
Cc&rs Yes
Census Tract 70.01
Construction Frame
Energy Features Ceiling Fan(s), Other-Rmks
HOA MetroList Services, Inc.
HOA No
Parking Open
Property Description Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots
Property Subtype 5 or More Units
School County Sacramento
Stories 1
Total # Leasable 13
Total Number Indiv Units 13
Year Built 1949
Zoning R-1

Interior Features

# of 1 Bedroom Units 1
Equipment Washer/Dryer, Water Cond Eqp Owned
Floor Covering(s) Laminate, Tile
Furnished Y/N None
Heating Furnace Wall
Kitchen Appliances Oven Gas F/S, Range Gas F/S
Unit 1 Apx Sq Ft 450
Unit 2 Apx Sq Ft 650
Unit 3 Apx Sq Ft 400
Unit 4 Apx Sq Ft 400
Unit 4 Full Baths 1

Exterior Features

# Of Studio Units 5
Unit 1 Rent 550
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Rent 850
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 3 Rent 625
Unit 4 Bedrooms 1
Unit 4 Rent 625
Acres 0.4700
Exterior Siding Lap, Stucco
Lot Dimensions 66 x 310
Roof Description Comp Shingle
Total # Of Bldgs 3
Uncovered Parking 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95833

Price
AVG $380K
$640K
Visits
AVG 63
191
Year Built
AVG 1983
1949
Walkscore
AVG 46
71
Data Provided by Walkscore ® not using MLS data

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