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420 Cleveland Avenue

Sacramento, CA 95833
  • $639,000
  • STATUS: Active
  • ON SITE: 624 Days
  • MLS #: 20007562
UPDATED: 42 min ago
$639,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1949
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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!

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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-24T10:38:39.85. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.tlcrealtors.com/homes/103030703
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420 Cleveland Avenue Sacramento, CA 95833

  • Price: $639,000
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 20007562
0
Beds
0
Baths
0
½ Baths
0.47
Acres
1949
Built
Neighborhood:
No Sacto/Natomas/Del Paso Height
County:
Sacramento
Area:
No Sacto/Natomas/Del Paso Height
Elementary School:
Twin Rivers Unified
Middle School:
Twin Rivers Unified
High School:
Twin Rivers Unified
School District:
Sacramento
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!
Exterior Features

Architectural Style Ranch Carport Spaces 0 Construction Materials StuccoFrameLap Siding Covered Spaces 0 Foundation Raised Independent Parking Spaces 0 Lot Features None Num Of Floors 0 Num Of Guest Spaces 0 Open Parking Spaces 20 Parking Features Open Roof Composition Tandem Parking Spaces 0 Total Parking Spaces 20

Interior Features

Appliances Free Standing Gas OvenFree Standing Gas Range Cooling Ceiling Fan(S)Wall Unit(S) Flooring TileLaminate Heating Wall Furnace Laundry Features Washer/Dryer Owned Num Of Rooms 0 Num Of Studio Units 5 Num Of1 Bedroom Units 1 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 450 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1 Rent 594 Unit1 Rooms 0 Unit2 Approx Sq Ft 550 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 918 Unit2 Rooms 0 Unit3 Approx Sq Ft 400 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 662 Unit3 Rooms 0 Unit4 Approx Sq Ft 400 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 662 Unit4 Rooms 0 Units Furnished None

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Electric 220 Volts Elevation 0 Income Includes Coin Operated EquipmentLaundry Irrigation None Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes AccountingProperty TaxInsuranceTrashMaintenance Grounds Other Equipment Water Cond Equipment Owned Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Garden Apartments Tenant Pays Electricity Utilities Natural Gas ConnectedCity Water Source Public Zoning R-1

Listing provided courtesy of Re/Max Gold Folsom. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-10-24T10:38:39.85. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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