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2121 Marconi Ave

Sacramento CA 95821

3
1
1
1368 sq. ft.
6970 sq. ft.
Single-Family
Currently for sale - view listing

Overview

INVESTOR'S FANTASY An exceptional opportunity emerges to acquire property lining Marconi Ave with C-2 Commercial zoning, boasting the potential for subsequent commercial development. There is also the potential to enhance rental income upto $250,000 by adding Additional Dwelling Units (ADUs) on each lot, leveraging the CalHFA grant of up to $40,000 for ADU pre-development. This portfolio is strategically situated within the Opportunity Zone - tax deferral program for capital gain and enjoys a substantial average daily traffic (ADT) of 26,926 vehicles along Marconi Ave. In reference to other listings, the portfolio encompasses 8 residential units(4 SFR, 2 DUPLEXES) dispersed across 6 lots. These properties are identified as 2117, 2121, 2125, 2129, 2133, 2137 Marconi Avenue, Sacramento. The portfolio generates income through the rental of 1 Commercial Sign Board. Altogether, these properties, including the Sign Board, yield a gross rental income of $150,000.00. Refer to the attached offering memorandum.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
1368 sq. ft. floor area
6970 sq. ft. lot size
Single-Family

Property history for 2121 Marconi Ave

2021
Sold
$250,000
23 Mar 2021

Happy sellers in Sacramento

95%
95% of sellers in Sacramento reported that their sale price either exceeded or met their price expectations.

Sacramento stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Sacramento over the last 12 months.

Local market activity for 3 bedroom single-family properties in Sacramento

In the last 12 months, 22 three-bedroom single-family properties similar to 2121 Marconi Ave, have been sold.

This represents a 73% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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