6541 Greenback Lane Unit #4, Citrus Heights, CA 95621

Property Description

INVESTOR OPPORTUNITY! Tenant-occupied (month-to-month) 2-bedroom, 1-bath Citrus Heights condo offered at $225,000. Current tenant pays $1,650/month ($19,800 annually) and has a history of consistent, on-time payments. Tenant pays electricity, natural gas and water; owner pays sewer and trash. HOA is $427/month and maintains the exterior. Although the address is on Greenback Lane, the unit is tucked away from the road and accessed through a secluded HOA-maintained alley. Enjoy a wide front porch with aluminum awning, two storage spaces in the carport, ground-level community laundry and seasonal pools in a friendly, close-knit community. Recent improvements include a fully remodeled bathroom and new kitchen appliances and flooring, all less than three years ago, plus an AC system replaced less than five years ago. A Route 1 bus stop is directly in front of the property, providing access toward American River College and the Watt/I-80 corridor, including light rail. Safeway is less than a mile away; Costco and Walmart approximately 1.1 miles; Sylvan Oaks Library and approximately 15-acre Crosswoods Park about a mile away. Less than three miles away, the former Sunrise Mall site is slated for transformation into Sunrise Sports Center, a planned sports and entertainment destination. $225,000, $1,650/month current rent $19,800 annual gross rent, $427/month HOA. Current gross rent is approximately 8.80% of asking price before expenses. Seller is the property owner and listing agent.