$1,217,500
$1,299,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4.48 Acres Lot
SOLD DATE : 03/05/2021
Key Details
Sold Price $1,217,500
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20071931
Sold Date 03/05/21
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1949
Lot Size 4.480 Acres
Acres 4.48
Property Description
Situated on 4.5 acres, 7214 14th St and 1411 Q St is a (9) unit multifamily property located in the outskirts of Sacramento in Rio Linda. The property provides a scenic and rural location for those tenants seeking a quieter lifestyle, but still close to Sacramento and an easy drive to downtown/midtown. A new buyer will find upside in raising rents, and adding value through renting the storage units on site. There is also a separate building that the current owner had plans to convert into a laundry room (coin-op laundry included in sale). In total, there is $24,000 in annual income that can be added through just the raising of rents and renting out storage on-site without the need for any capital improvements. All buildings on site have the following recent upgrades: New Roofs, new flooring (mix of tile and laminate), new appliances, new counters, new bathrooms, updated kitchens, and more. The property has just had its septic tanks emptied, and new bladder tanks installed.
Location
State CA
County Sacramento
Area 10673
Direction From HWY 80, take the Raley Exit. Head north along Raley Blvd, turn right onto Elkhorn, left on 18th St, left on Q St. Property is on right side.
Interior
Heating Varies by Unit
Cooling Varies by Unit
Flooring Varies by Unit
Equipment Varies by Unit
Appliance Varies By Unit
Exterior
Garage Garage, 1+ Space Per Unit
Garage Spaces 3.0
Amenities Available Varies By Unit
Water Access Desc Well
View Valley
Roof Type Composition
Building
Story 1
Sewer Septic System
Water Well
Architectural Style Unknown
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Senior Community No
Tax ID 207-0052-004-0000
Special Listing Condition None
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Bought with North Coast Commercial, Inc.
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