1200 South AVE, Sacramento, CA 95838
1200 South AVE, Sacramento, CA 95838
1200 South AVE, Sacramento, CA 95838
1200 South AVE, Sacramento, CA 95838
1200 South AVE, Sacramento, CA 95838
1200 South AVE, Sacramento, CA 95838
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Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Michael Mathios Cushman & Wakefield
$ 1,100,000
Est. payment | /mo

12 Beds

1 Bath

3,896 SqFt

Save
$ 1,100,000
Est. payment | /mo
Save

12 Beds

1 Bath

3,896 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,896 sqft

Price per Sqft $282

MLS Listing ID 226113803

Bedrooms 12

Full Baths 1

HOA Y/N No

Year Built 1960

Lot Size 0.461 Acres

Acres 0.4607

Property Sub-Type Multi Family

Property Description

This Lender Owned property offers an opportunity for the next investor to purchase a well maintained investment of all 2 bedroom units currently averaging $1996/u/m. There is excess land in the back of the property that could developed into additional ADU's. Current collected rents are higher than market so there is a gain to lease benefit in the immediate term of ownership. When and if all units get traded out to market, the cap rate is 6.7%.

Location

State CA

County Sacramento

Area 10838

Zoning R-1

Interior

Heating Wall Furnace, Gas

Cooling Window Unit(s)

Flooring Linoleum, Tile, Carpet

Fireplace No

Window Features Double Pane Windows

Laundry Other

Exterior

Utilities Available Natural Gas Connected, Electricity Available, Sewer Connected

Roof Type Composition,Shingle

Total Parking Spaces 12

Building

Lot Description Sidewalk

Story 1

Foundation Concrete, Slab

Sewer Public Sewer, Sewer in Street

Water Water District

Level or Stories One

New Construction No

Schools

School District Sacramento Unified

Others

Tax ID 25101630090000

Acceptable Financing Conventional, Cash, Owner May Carry

Listing Terms Conventional, Cash, Owner May Carry

San Francisco MLS - SFAR

Nearby School & Business

Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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