6648 14th Avenue, Sacramento, CA 95820

$1,325,000
Sold Price
$1,325,000
List Price
$1,350,000
Closing Date
May 15, 2024
MLS#
224029080
Status
CLOSED
Type
Multifamily
Zip
95820
city
Sacramento

Property Description

Excellent turn-key investment. A great opportunity to own a 4-Plex (2 duplex on one lot), centrally located. 6648,6650,6652, & 6654 are all single-story units with 2 bedrooms, 1 full bath, and a 1 car garage. Each property features a comfortable living room, spacious kitchen, and laundry hook-ups. The large driveway provides plenty of off- street parking. There are 2 quiet & private back yards that are shared by the tenants. Close to everything; shopping, restaurants, schools, Sac State University, UC Davis Medical Center, downtown, and freeway access. PLEASE DO NOT DISTURB THE TENANTs. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,562, $1,854, $2,045, and $2,002 per month. In addition to rents, tenants also pay a total of $432, combined per month, towards sewer/water/garbage. Total monthly income is $7,895. Total annual income is $94,743. 7.02% Cap Rate. A fantastic investment opportunity with lots of potential.

Additional Information

Tenant Pays
Electricity, Gas, See Remarks
Land Area (Acres)
0.32
Year Built
1953
Number of Buildings
2
Number of 2 Bedroom Units
5
Number Leasable
4
Roof Description
Composition

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Lyon RE Folsom. Selling Office: Intero Real Estate Services.

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All 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 2024 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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