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 |
| Lot Size Square Feet | 20473 |
| 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 |
| 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 |
| 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
Visits
Year Built
Walkscore
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