921 Rivera Drive, Sacramento, CA 95838
- $749,888
- 3,665
- SqFt
- List Price
- $749,888
- Price Change
- ▼ $29,912 1783063034
- MLS#
- 226021710
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 3,665
Property Description
Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.
Additional Information
- Year Built
- 1930
- Sewer
- Abandoned Septic, Sewer in Street, Public Sewer
- Garage
- Off Street, Detached, Street, Garage, Uncovered, Varies by Unit
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Courtesy of ERA Carlile Realty Group, .
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