3251 24th Avenue

Sacramento, CA 95820

$499,500
Price
Beds
1,301 Sq. Ft.
$384 / Sq. Ft.
1,301
Sq. Ft.
$384
per Sq. Ft.

Description

Investor Opportunity - 2 Homes on One Lot With potential Room For Expansion and a 8.4% CAP RATE Located in Sacramento, this prime investment opportunity features 2 homes on one lot with potential to add another ADU. The front house being paired with the new ADU offers immediate rental income. With the flexibility to potentially build another unit, this property is perfect for investors looking to maximize returns in an area with high rental demands. Both homes are move-in ready, making this a great...Investor Opportunity - 2 Homes on One Lot With potential Room For Expansion and a 8.4% CAP RATE Located in Sacramento, this prime investment opportunity features 2 homes on one lot with potential to add another ADU. The front house being paired with the new ADU offers immediate rental income. With the flexibility to potentially build another unit, this property is perfect for investors looking to maximize returns in an area with high rental demands. Both homes are move-in ready, making this a great option for investors or multi-generational living, The spacious lot offers ample room for further development, giving the buyers the chance to increase the properties value even more. With an estimated annual rental income of $42,000 and a strong 8.4% cap RATE, this property provides excellent value for investors. Both homes are move-in ready, and the spacious lot offers ample room for further development, giving buyers the chance to increase the property's value even more. Whether you plan to rent all units or occupy one and rent the others, this property offers growth potential and versatility for savvy buyers. Priced to sell, and with easy access to local amenities, this property won't last long! Act now to schedule your viewing and seize this exceptional opportunity.
  1. Listed by Darlene Tucker • DRE #01343442 • Brokerage DRE #01331504 • Multisource • 916-412-1006

Property Details for 3251 24th Avenue

MLS City Name
SACRAMENTO
Building Type
OTHER
Garage Spaces
0
Parking Spaces
6
Cross Street
Franklin Ave
LISTING UPDATED: 10/25/2024 10:17 PM

Property Details for 3251 24th Avenue

StatusActive
MLS #ML81984916
Days on Compass57
Taxes$3,900 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1939
Lot Size0.14 AC / 6,098 SF
CountySacramento County

Building Information for 3251 24th Avenue

Stories1Residences-Year Built1939Lot Size0.14 AC / 6,098 SF

Property Information for 3251 24th Avenue

Features
Features
  • Communications: None
  • Fireplace: No
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 1301
  • Pool: No
  • Security Features: Security Fence
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan, Window / Wall Unit
  • Heating: Floor Furnace, Other
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Off-Street Parking, On Street, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Sacramento Elder Creek/Fruitridge - 10820
  • Roof: Composition
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 3251
  • Street Name: 24th
  • Street Suffix: Avenue
  • Area ID: 10820
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 1301
  • Structure SqFt Source: Other
  • Age: 85
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R-1
Location Information
  • City Limits: Yes
  • Directions: Take highway 80 to 99 exit 12th Avenue.Turn right, go to the first stop Light Turn left at the light onto franklin, follow to 24th on yout left.
  • Parcel Number: 022-0012-029-0000
  • County Name: Sacramento
  • City Name: SACRAMENTO
  • City Postal ID: 235
  • Postal Code: 95820
  • Elementary School District: 1848
  • High School District Text: Sacramento City Unified
Lot Information
  • Foundation: Concrete Perimeter, Concrete Slab
  • Horse Property: No
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 1
General Information
  • Annual Tax Amount: $3,900
  • Capitalization Rate: 6.93
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $1,400
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $5,300
  • Operating Expenses Include: Insurance
  • Gross Rent Multiplier: 11.89
  • Income Annual Gross: $39,900
  • Income Annual Rental: $42,000
  • Income Gross Scheduled: $42,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 538
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,500
Unit Type 1
  • Unit Type1 Approx SqFt: 762

Property History for 3251 24th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3251 24th Avenue

Taxable ValueLand$93,636Additions$229,928Total$323,564
Tax Record2024$5,642 ($470 / month)
Home Facts
Beds2Baths1Total Finished SqFt760 SqFtAbove Grade Finished SqFt760 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1939ZoningR-1CountySACRAMENTOAPN022-0012-029-0000

Schools near 3251 24th Avenue

This home is within Sacramento City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Ethel Phillips Elementary School
PublicK to 6

California Middle School
Public7 to 8

C. K. Mcclatchy High School
Public9 to 12

St. Hope Public School 7
CharterK to 8

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

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3251 24th Avenue is for sale in Sacramento, CA 95820. This property was listed for sale on October 25, 2024 by Multisource, it's currently listed at $499,500. It has been on the market for a total of 57 days and was last sold on April 14, 2022. This listing's school district is Sacramento City Unified School District. Nearby schools include Ethel Phillips Elementary School, California Middle School and C. K. Mcclatchy High School. 3251 24th Avenue is a 0-bed, 0-bath, 1,301 sqft built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Multisource, Darlene Tucker, DRE #01343442

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.