This listing was posted on Americanlisted.
$365,000
2125 Marconi Ave, Sacramento, CA 95821
Price:
$365,000
Location:
926 vehicles along marconi ave, Sacramento...
Description:
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.
Property Type:
Single-Family Houses
Posted:
September 15 2023 on Americanlisted
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More About this Listing: 2125 Marconi Ave, Sacramento, CA 95821
2125 Marconi Ave, Sacramento, CA 95821 is a Single-Family Homes for Sale at 926 Vehicles Along Marconi Ave in Sacramento CA. Find other listings like 2125 Marconi Ave, Sacramento, CA 95821 and listings near 926 Vehicles Along Marconi Ave by searching Oodle Classifieds for Single-Family Homes for Sale in Sacramento CA.
2125 Marconi Ave, Sacramento, CA 95821 is a Single-Family Homes for Sale at 926 Vehicles Along Marconi Ave in Sacramento CA. Find other listings like 2125 Marconi Ave, Sacramento, CA 95821 and listings near 926 Vehicles Along Marconi Ave by searching Oodle Classifieds for Single-Family Homes for Sale in Sacramento CA.