Sacramento, CA 95817,3125 3rd AVE
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Sacramento, CA 95817,3125 3rd AVE
Sacramento, CA 95817,3125 3rd AVE
Sacramento, CA 95817,3125 3rd AVE
Sacramento, CA 95817,3125 3rd AVE

$1,200,000

Est. payment /mo

$1,150,000

4.3%
Est.Price: ?

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3125 3rd AVE Sacramento, CA 95817

3,900 SqFt

SOLD DATE : 09/26/2024

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $307

MLS Listing ID 224080798

Sold Date 09/26/24

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1918

Lot Size 6,098 Sqft

Acres 0.14

Property 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.

Location

State CA

County Sacramento

Area 10817

Direction Alhambra South, Left on 3rd ave, Home is on the left

Interior

Heating Central

Cooling Central, Ductless

Flooring Tile, Vinyl

Laundry In Each Unit

Exterior

Parking Features Off Street, Uncovered, Varies by Unit

Utilities Available Natural Gas Connected, Electric

Water Access Desc Public

Total Parking Spaces 2

Building

Lot Description Shape Regular

Story 2

Foundation Raised, Slab

Sewer In & Connected

Water Public

Architectural Style Bungalow, Cottage

Level or Stories Two

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 010-0365-016-0000

Special Listing Condition None

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Caleb & Valerie The Core Team

Caleb & Valerie The Core Team

+1(209) 923-1550

Our team is ready to help you sell your home for the highest possible price ASAP


MetroList® Services, Inc (RESO)
Listed by Intero Real Estate Services
Bought with Coldwell Banker Realty
agent

Caleb & Valerie The Core Team

Real Estate Specialists | License ID: 02013824 02069389

+1(209) 923-1550

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