Price Reduction
Address
2602 Franklin Way West Sacramento, CA
Price
$ 3,569,000
Property Attributes
  • MLS#20021984
  • TypeIncome
  • CountyYOLO
  • CityWest Sacramento
  • Zip95691
  • Style
  • Price$ 3,569,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size2.4 Acres
Listing Provided Courtesy Of:
Adrian del Rio CalBRE# - 01431059 with PCG Commercial, Inc
Property Description

Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9), 2 Bedroom / 1 Bath homes approximately 727 SF each for total building size of 18,504 SF .Built in 1961 the homes are situated side-by-side on two parcels and are fully leased to tenants with guaranteed income from Section 8, SSI, and Pensions or employed in the 'essential' category.Each home has their own individual front and backyard, drive-way carport, and washer/dryer hook-ups.The value-add is in that the majority of the tenants have not received a rental increase in over 12 months of which many are well below market rent based on newest leases.There's also potential upside in rebuilding or expanding on two lots where two units burned down (2016) or utilizing them as picnic/play areas for the tenants.The homes command high market rent since tenants prefer to live in single-story housing versus stacked apartments.

Elementary School Middle School High School
River Delta Unified Elementary School River Delta Unified Middle School River Delta Unified High School
Price History
4/16/2020 Listed $3,800,000
9/16/2020 7% - $3,569,000

General Features

Air Window
Amenities Lndry H-Up Tnt Units, Patios/Balcony, Public Trans Nearby, Yard Space
Apn 008-421-013-000
Area 10691
Cc&rs No
Census Tract 102.03
Construction Wood
Energy Features Ceiling Fan(s)
HOA MetroList Services, Inc.
HOA No
Parking +1 Space Per Unit, Carport
Property Description Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9)
Property Subtype 5 or More Units
School County Yolo
Stories 1
Total # Leasable 22
Total Number Indiv Units 22
Year Built 1959
Zoning M1

Interior Features

# of 2 Bedroom Units 9
# of 3 Bedroom Units 13
Equipment Gas Water Heater
Floor Covering(s) Carpet, Laminate, Linoleum/Vinyl, Wood
Furnished Y/N None
Heating Furnace Wall
Kitchen Appliances Other-Attch
Unit 1 Apx Sq Ft 727
Unit 2 Apx Sq Ft 727
Unit 3 Apx Sq Ft 936
Unit 4 Apx Sq Ft 936
Unit 4 Full Baths 1

Exterior Features

Unit 1 Bedrooms 2
Unit 1 Full Baths 1
Unit 1 Rent 1227
Unit 2 Bedrooms 2
Unit 2 Full Baths 1
Unit 2 Rent 1227
Unit 3 Bedrooms 3
Unit 3 Full Baths 1
Unit 3 Rent 1479
Unit 4 Bedrooms 3
Unit 4 Rent 1479
Acres 2.4000
Exterior Stucco, Wood
Roof Description Comp Shingle
Total # Of Bldgs 22

Amenities

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

Property vs Zip Code Average in 95691

Price
AVG $1.29M
$3.57M
Visits
AVG 13
21
Year Built
AVG 1957
1959

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