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Eric Hatch

[email protected] +1(530) 277-3489

$ 385,000

Est. payment -/mo

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Active

2121 Marconi AVE Sacramento, CA 95821

3 Beds

1 Bath

1,368 SqFt

UPDATED:

10/01/2024 04:57 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,368 sqft

Price per Sqft $281

MLS Listing ID 223082464

Bedrooms 3

Full Baths 1

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1940

Lot Size 6,970 Sqft

Acres 0.16

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.

Location

State CA

County Sacramento

Area 10821

Direction I-80 Business North, Take exit at Marconi Avenue East, Property Address will be on the Left after passing one signal.

Rooms

Living Room Other

Dining Room Space in Kitchen

Kitchen Breakfast Area

Interior

Heating Other

Cooling Other

Flooring Other

Fireplaces Number 1

Fireplaces Type Living Room

Laundry See Remarks

Exterior

Garage Uncovered Parking Space

Garage Spaces 1.0

Utilities Available Public

View City, City Lights

Roof Type Composition

Private Pool No

Building

Lot Description Street Lights

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 266-0170-026-0000

Special Listing Condition Offer As Is, None

Listed by KW CA Premier - Sacramento

Eric Hatch

Broker Associate | CA DRE#01180864

+1(530) 277-3489

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Eric Hatch

Eric Hatch

2121 Marconi AVE Sacramento, CA 95821

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2121 Marconi AVE