3125 3rd Avenue Sacramento, CA 95817
Listing Courtesy of: Metrolist / Sacramento Central / Michael Nerby

  3125 3rd Avenue Sacramento, CA 95817

Pending (35 Days)

Description

Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the property with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.

MLS #:
224080798
Lot Size
6,098 SQFT
Type
Multifamily
Year Built
1918
Style
Cottage, Bungalow
School District
Sacramento Unified
County
Sacramento County

Listed By

Michael Nerby, DRE #1975620, Sacramento Central
Source
Metrolist
Last checked Sep 8 2024 at 6:52 PM GMT+0000
Bathroom Details
Lot Information
  • Shape Regular
Property Features
  • Foundation: Slab
  • Foundation: Raised
Heating and Cooling
  • Central
  • Ductless
Flooring
  • Vinyl
  • Tile
Exterior Features
  • Frame
Utility Information
  • Utilities: Electric, Natural Gas Connected
  • Sewer: In & Connected
Garage
  • Varies by Unit
  • Uncovered
  • Off Street
Parking
  • Varies by Unit
  • Uncovered
  • Off Street
Stories
  • 2
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 26, 2024
Price Changed
$1,150,000
-8%
-100,000
Aug 13, 2024
Price Changed
$1,250,000
-4%
-50,000
Aug 01, 2024
Original Price
$1,300,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Intero Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList CA data last updated 9/8/24 11:52 Powered by MoxiWorks®