2137 Marconi Avenue, Sacramento, CA 95821
- $435,000
- 3
- BD
- 1
- Full Bath
- 1,349
- SqFt
- List Price
- $435,000
- MLS#
- 223082516
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 1
- Living Sq. Ft
- 1,349
- Square Footage
- 1349
- Type
- Single Family Residential
- Zip
- 95821
- City
- Sacramento
Property 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.
Additional Information
- Land Area (Acres)
- 0.16
- Year Built
- 1940
- Subtype
- Single Family Residence
- Subtype Description
- Detached
- Style
- Ranch
- Construction
- Stucco, Frame, Wood
- Foundation
- Slab
- Stories
- 1
- Garage Spaces
- 3
- Garage
- 1/2 Car Space, No Garage, RV Access, RV Possible, Detached, Workshop in Garage
- Baths Other
- Tub
- Floor Coverings
- Carpet, Laminate, Linoleum, Vinyl
- Laundry Description
- In Garage
- Dining Description
- Formal Room
- Kitchen Description
- Kitchen/Family Combo
- Kitchen Appliances
- Built-In Gas Range
- Rec Parking
- RV Access, RV Possible
- Cooling
- Ceiling Fan(s), Central, Other
- Heat
- Central
- Water
- Public
- Utilities
- Public
- Sewer
- In & Connected, Public Sewer
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Listing courtesy of KW CA Premier - Sacramento.
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. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .