1204 South Avenue
$967,000
9
6
3,649
3,649
$265
Description
Ask how you can assume the FHA 2.75% loan! Presenting an outstanding investment opportunity. This versatile property comprises a total of 6 units, including 4 primary residences and 2 newly constructed ADUs, both built in 2024. The property features a well-balanced mix of unit types:(3)1-bedroom, 1-bathroom units and (3)2-bedroom, 1-bathroom units. Each unit has been thoughtfully designed to maximize space and functionality, with the ADUs offering modern layouts that appeal to today's renters. The...Ask how you can assume the FHA 2.75% loan! Presenting an outstanding investment opportunity. This versatile property comprises a total of 6 units, including 4 primary residences and 2 newly constructed ADUs, both built in 2024. The property features a well-balanced mix of unit types:(3)1-bedroom, 1-bathroom units and (3)2-bedroom, 1-bathroom units. Each unit has been thoughtfully designed to maximize space and functionality, with the ADUs offering modern layouts that appeal to today's renters. The total potential rental income for this property exceeds $9,450 per month/ $113,400 per year, making it an exceptional addition to any investment portfolio. The two new ADU units are currently vacant, providing immediate rental opportunities or flexible living arrangements. The remaining four units are fully occupied, ensuring a steady income stream from day one. This property is ideally suited for investors looking to maximize rental income or for buyers seeking a versatile property with multiple income-generating possibilities. Whether you are an investor aiming to capitalize on strong cash flow, a buyer interested in flexible living options, or someone looking to leverage rental income to support mortgage payments, this six-unit property represents a
- Listed by Michael Lim • DRE #02110972 • Kinetic Real EstateP: (916)-835-7912 Michael@KineticRealEstate.com
Property Details for 1204 South Avenue
Parking Features
Off Street
ZoningR-1
LISTING UPDATED: 11/22/2024 03:03 PM
Property Details for 1204 South Avenue
Status | Active |
---|---|
MLS # | 224101989 |
Days on Compass | 102 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1960 |
Lot Size | 0.23 AC / 10,071 SF |
County | Sacramento County |
Building Information for 1204 South Avenue
Stories1Residences6Year Built1960Building Size-Lot Size0.23 AC / 10,071 SF
Property Information for 1204 South Avenue
Property History for 1204 South Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1204 South Avenue
Taxable ValueLand$116,732Additions$408,565Total$525,297
Tax Record2024$17,835 ($1,486 / month)
Home Facts
Baths4Total Finished SqFt2,312 SqFtAbove Grade Finished SqFt2,312 SqFtStories1Lot Size10,019 SqFtStyleQuadraplexYear Built1960ZoningR-1CountySACRAMENTOAPN251-0163-010-0000
Schools near 1204 South Avenue
This home is within Twin Rivers Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 1 to 12 |
Rating | School | Distance |
---|---|---|
Michael J. Castori Elementary School PublicK to 6 | ||
Martin Luther King Jr. Technology Academy Public7 to 8 | ||
Grant Union High School Public9 to 12 | ||
California Innovative Career Academy Charter1 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.