5654 Broadway new Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95820
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $456
MLS Listing ID 225140120
HOA Y/N No
Year Built 1954
Lot Size 0.441 Acres
Acres 0.4408
Property Sub-Type Duplex
Source MLS Metrolist
Property Description
5652-5654 Broadway is a one of one investment and development opportunity located in the heart of Tahoe Park. The property features a single-story duplex situated on a 12,800 SF parcel of land plus an additional 6,400 SF parcel located behind the duplex, for a total parcel size of 19,200 SF (.44 Acres). Both duplex units were extensively renovated in 2023 including all big ticket items such as roof, gutters, plumbing, electrical, exterior stucco, exterior/interior paint, dual pane windows, kitchens, bathrooms, flooring, and lighting. Each unit currently benefits from a fenced front and backyard, as well as a large shared parking area that is accessed via gated driveway off Broadway. The ownership has thoughtfully completed preliminary plans to construct six (6) additional ADUs on the residual land surrounding the duplex for a total of 8 units. The market rent for both units is $2,650 per month which results in a in-place cap rate of 4.45%. Collect passive income to offset expenses while constructing the additional units OR just collect stable rent. The property is .2 miles from Tahoe Park and .75 miles from UCD Medical Center and Aggie Square, a $1 billion state-of-the art medical and research facility employing highly skilled and paid transient employees.
Location
State CA
County Sacramento
Area 10820
Direction Located off Broadway.
Rooms
Other Rooms Unit-1 Approx SqFt: 1040 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 2650 SqFt Source: Owner Unit-2 Approx SqFt: 1040 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 2650 SqFt Source: Owner
Basement None,Other
Interior
Heating Central
Cooling Ceiling Fan(s),Central
Flooring Wood
Equipment None
Appliance Dishwasher,Microwave
Laundry In Each Unit
Exterior
Parking Features See Remarks
Utilities Available Other
Water Access Desc Public
Total Parking Spaces 10
Building
Lot Description Private,Secluded
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 015-0061-030-0000
Special Listing Condition None