INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250,000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40,000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26,926 vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150,000.00. Refer to the attached offering memorandum.
223082464
Single Family, Traditional, 1 Story
3
Sacramento
1 Full
1940
0.16
Acres
Public
1
Frame,Stucco
Public Sewer
1,368
Sq. Ft.
Yes
- 1
space
School Information
Sacramento
Bathrooms
1
Total:1
Detailed Room Information
- Living Room
- Fireplace
Interior Features
- Fireplaces
- 1. Living Room.
Exterior / Lot Features
- Parking
- 1 Garage Spaces.
- Exterior
- Stucco, Frame
- Roof
- Composition
- Zoning
- C-2
Financial Considerations
266-0170-026-0000
Loading...