3251 24th Avenue
$499,500
—
1,301
1,301
$384
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.
- Listed by Darlene Tucker • DRE #01343442 • Brokerage DRE #01331504 • Multisource • 916-412-1006
Property Details for 3251 24th Avenue
MLS City Name
SACRAMENTO
Building TypeOTHER
Garage Spaces0
Parking Spaces6
Cross StreetFranklin Ave
LISTING UPDATED: 10/25/2024 10:17 PM
Property Details for 3251 24th Avenue
Status | Active |
---|---|
MLS # | ML81984916 |
Days on Compass | 57 |
Taxes | $3,900 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | RESIDENTIAL INCOME / OTHER |
Year Built | 1939 |
Lot Size | 0.14 AC / 6,098 SF |
County | Sacramento County |
Building Information for 3251 24th Avenue
Stories1Residences-Year Built1939Lot Size0.14 AC / 6,098 SF
Property Information for 3251 24th Avenue
Property History for 3251 24th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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