CA > Sacramento
Sacramento, CA 95820,5654 Broadway
Sacramento, CA 95820,5654 Broadway
Sacramento, CA 95820,5654 Broadway
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Andrew Martinez

Andrew Martinez

+1(916) 302-7655
$950,000
Est. payment /mo
2,080 SqFt
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UPDATED:

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

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MetroList® Services, Inc
Listed by Ken Turton, Broker

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Andrew Martinez

Andrew Martinez

+1(916) 302-7655

Broker | License ID: 01863824

Broker License ID: 01863824

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