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Erik Tejeda

erik@bhryc.com +1(530) 845-8035

$ 950,000

Est. payment -/mo

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Active

5652 Broadway Sacramento, CA 95820

2,080 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,080 sqft

Price per Sqft $456

MLS Listing ID 226083047

HOA Y/N No

Year Built 1954

Lot Size 0.294 Acres

Acres 0.2938

Property Sub-Type Duplex

Source MLS Metrolist

Property Description

ATTENTION INVESTORS: Here are the numbers - $63,600 annual income which represents a GRM of 15. That is a good enough return for a duplex by itself but this listing comes with an additional 6400 sqft vacant lot! That alone comps at around $200,000 in Tahoe Park. If you were to remove the value of the land, the GRM drops to 11.8! This is a private, gated compound offering incredible versatility, immediate cash flow, and massive future upside. The duplex is situated just a short walk from fabulous local restaurants and the expanding, multi-billion-dollar UC Davis Medical Center campus. There also happens to be a third parcel consisting of a fully remolded single family home collecting $3150/mo. The three parcels that can be purchased together for $1.6M. Together, the single family home plus the duplex generate nearly $8,500 a month in gross rental income, featuring excellent existing tenants, exceptional privacy, and future development potential. You can build your own family compound here. This listing for $950,000 represents the Duplex + Vacant lot. The Duplex has been renovated and is in incredible condition, currently collecting $5,300 per month ($2,650 per unit). Current zoning allows for up to five additional dwelling units for all 3 parcels, making it an ideal opportunity to build and maximize your income-producing potential. Whether you are looking for a high-performing addition to your portfolio, a multi-generational family compound, or a development project to capitalize on Sacramento's increasing housing density, this Tahoe Park property delivers.

Location

State CA

County Sacramento

Area 10820

Direction Broadway and 57th St

Rooms

Other Rooms Unit-1 Approx SqFt: 1040 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2650 SqFt Source: Owner Unit-2 Approx SqFt: 1040 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2650 SqFt Source: Owner

Interior

Heating Central

Cooling Ceiling Fan(s), Central

Flooring Wood

Laundry In Each Unit

Exterior

Parking Features See Remarks

Utilities Available Sewer In & Connected

Water Access Desc Public

Total Parking Spaces 10

Building

Lot Description Private

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 015-0061-030-0000

Special Listing Condition None

Virtual Tour https://listings.housecatmarketing.com/sites/5650-broadway-sacramento-ca-95820-26318194/branded

Listed by Sac Platinum Realty

Erik Tejeda

Team Lead/ Office Manager | License ID: 01907830 | DRE 01315708

+1(530) 845-8035

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Erik Tejeda

5652 Broadway Sacramento, CA 95820

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5652 Broadway