$369,000
2 Beds
1 Bath
1,098 SqFt
0.16 Acre Lot
6,970 Sqft Lot
Status Active
Property Type Single Family Residence
Year Built 1940
Neighborhood
Days on Website 253

Property Map

$369,000 – 2117 Marconi Avenue, Sacramento, CA 95821

Street View

MLS LogoCourtesy of KW CA Premier – 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 Details and Features

Listing

  • Source: Metrolist

Appliances & Equipment

  • Microwave

Bathrooms

  • 1 full bathroom
  • See Remarks

Bedrooms

  • 2 bedrooms

Building

  • 1 story
  • Built in 1940
  • Frame
  • Glass
  • Wood
  • Wood Siding
  • Accessible Doors
  • Traditional

Dining Room

  • Space in Kitchen

Foundation

  • Raised

Garage

  • No Garage
  • Uncovered Parking Space

Water Features

  • Public

Heating

  • Electric
  • See Remarks

Interior Features

  • Carpet
  • Laminate

Kitchen

  • Breakfast Area

Laundry

  • See Remarks

Location

  • Sacramento
  • 10821

Lot

  • 0.16 acres
  • 6,970 square feet

Pool

  • Pool: No

Property

  • C-2

Roof

  • Composition

Schools

  • District: Sacramento
  • Elementary School: San Juan Unified
  • High School: San Juan Unified
  • Middle/Junior School: San Juan Unified

Sewer

  • Public Sewer

Utilities

  • Public

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This data up-to-date as of May 5, 2024 06:53.