420 Cleveland Ave, Sacramento

$639,000

0 Beds
0 Baths
.47 Acres
0 Garages

Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs last year. There is a lot of room to bump the rents as well. Approximately 13,000 to $15,000 under market in annual rent presently. Add $13,000 more proforma return is a 10.79% cap rate. This is a unique little community in a close knit environment. Also, owner has other props to sell with this if you need more units 6 plex, duplexes, but they must sell with this property. Bring us an offer now. Its a great return and is easier than many more conventional properties.

Essential Information
MLS® #20007562
Price$639,000
Acres0.47
Year Built1949
TypeResidential Income
Sub-Type5 or More Units
StyleRanch
StatusActive
Community Information
Address420 Cleveland Ave
Area10833
CitySacramento
CountySacramento
StateCA
Zip Code95833-2549
Amenities
AmenitiesOther-Rmks
ParkingOpen
Interior
AppliancesOven Gas F/S, Range Gas F/S
HeatingFurnace Wall
CoolingRefrig Wall Units
Stories1 Story
Exterior
ExteriorSiding Lap, Stucco
Lot Description66 x 310
RoofComp Shingle
ConstructionFrame
School Information
DistrictSacramento
ElementaryTwin Rivers Unified
MiddleTwin Rivers Unified
HighTwin Rivers Unified
Additional Information
ZoningR-1
Listing Details
OfficeRE/MAX Gold Folsom
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Metrolist Services Inc (California) LogoAll 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 2020 MetroList Services, Inc.

Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.

Listing information last updated on June 3rd, 2020 at 5:37am PDT.