Address
420 Cleveland Ave Sacramento, CA
Price
$ 639,000
Property Attributes
  • MLS#20007562
  • TypeIncome
  • CountySACRAMENTO
  • CitySacramento
  • Area10833
  • Zip95833
  • StyleRanch
  • Price$ 639,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size0.47 Acres
Listing Provided Courtesy Of:
C Fred Wilcox CalBRE# - 01073374 with RE/MAX Gold Folsom
Data Source:
MetroList - 47 -CA
Property Description

Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. This is a permitted licensed Mobile Home Park called Gardenland Mobile Home and RV Park, but there are two houses and the fourplex too. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs in 2019. There is a lot of room to bump the rents as well. Rent are approximately $20,000 under market in annual rent presently and its already a 9.23% cap rate. This is a unique little community in a close knit environment. Bring us an offer now. Its a great return & is easier than more conventional properties. This thing makes very good income. At market rents you gross $102,660 and a 12.37% cap rate. VACANCY less than 1%. Gross Rent Multiplier is 7.74 - HELLO!

Price History
2/8/2020 Listed $639,000

General Features

Appliances Free Standing Gas Oven, Free Standing Gas Range
Architectural Style Ranch
Association Y/N No
Construction Materials Stucco, Frame, Lap Siding
Cooling Ceiling Fan(s), Wall Unit(s)
Electric 220 Volts
Elementary School District Twin Rivers Unified
Flooring Tile, Laminate
Heating Wall Furnace
High School District Twin Rivers Unified
MLS Area 10833
Open Parking Spaces 20
Property SubType 5 or More Units
Property Type Residential Income
Roof Composition
School District (county) Sacramento
Sewer Public Sewer
Status Active
Subtype Description Garden Apartments
Total Units 13
Zoning Description R-1

Interior Features

Furnished Units None
Laundry Features Washer/Dryer Owned
Total Stories 1
Unit 1 Approx Sqft 450
Unit 1 Bedroom Units Total 1
Unit 1 Rent 594
Unit 1 Sqft Source Not Measured
Unit 2 Approx Sqft 550
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Sqft Source Not Measured
Unit 3 Approx Sqft 400
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 4 Approx Sqft 400
Unit 4 Bedrooms 1
Unit 4 Full Baths 1
Unit 4 Sqft Source Not Measured
Unittypestudiounitstotal 5

Exterior Features

Foundation Details Raised
Lot Dimensions 66 x 310
Lot Features None
Lot Size Acres 0.4700
Lot Size Source Assessor Auto-Fill
Lot Size Square Feet 20473
Number of Buildings 3
Other Equipment Water Cond Equipment Owned
Parking Features Open
Total Parking 20
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 95833

Price
AVG $460K
$640K
Visits
AVG 441
832
Year Built
AVG 1973
1949
Walkscore
AVG 71
71
Data Provided by Walkscore ® not using MLS data

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