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2125 Marconi Ave, Sacramento, CA 95821
$359,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
1
bath
718
sqft
Built in
1940
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.
Features & Amenities
Interior
- Rooms:
- Bedroom(s),Family Room,Kitchen
- Kitchen:
- Breakfast Area
- Dining:
- Other
- Living Room:
- Other
- Laundry:
- See Remarks,Other
- Flooring:
- Carpet,Laminate
- A/C:
- See Remarks
- Heating:
- Electric,See Remarks
- Fireplace:
- Fireplaces: 0
Exterior
- Style:
- Traditional
- Parking:
- No Garage,Attached, Parking spaces: 0
Construction
- Roofing:
- Composition
- General:
- Frame,See Remarks, One, Raised
Location
- Road/Access:
- Asphalt
- HOA Amenities:
- 0.0
- Originating MLS:
- MLS Metrolist
- School District:
- Sacramento
- County:
- Sacramento
Lot
- Zoning:
- 266-0170-025-0000
Utilities
- Utilities:
- Public, See Remarks
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- MLS Metrolist
This listing courtesy of:
KW CA Premier - Sacramento, AZ Chaudhary
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Sacramento, CA
Housing
- Number of Units
- 333,302
- Median Home Value
- $374,834
- Median Rent
- $1,146
50.65% of housing units are renter occupied.
4.23% are vacant.
Commute
- Car
-
65.42%
- Public Transportation
-
2.17%
- Walk to Work
-
1.86%
- Work from Home
-
28.64%
- Other
-
0.76%
The median travel time to work is 21 minutes.
People
- Population
- 855,112
- Median Age
- 36.00
- Median Household Size
- 2.81
Education
- High School
-
23.04%
- Associate’s Degree
-
8.70%
- Bachelor’s Degree
-
20.39%
- Graduate Degree
-
10.56%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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