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2687 altos Avenue $1,295,000

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    2687 altos Avenue Sacramento, CA 95815

    Pending Bring Backup
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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 222021384
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    Views: 6

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    Property Details

    Turn key Investment property. This Altos acres beauty is for the new buyer.Total of 8 units. 2 bedroom 1 bathroom each unit. All units are fully occupied. Majority of the units are remodeled. Low maintenance units. Wall AC. Wall Heater. Dual Pane widows. Water proof flooring. New cabinets in some.New paint on the exterior. 1/3 acre lot. Plenty of room to add more units. Fully gated. Inside parking. $108,864 total yearly income. The market rents are much higher. Two new tenants are rented at $1400 each. Section 8 pays more. The proforma is excellent. This can be a cash cow. There is a huge shortage of rentals in sacramento. This is the opportunity to buy a 8 units with good cash flow. Two separate buildings. Each building has 4 units. Each building has a laundry room. The laundry rooms can also be activated to generate more income.

    • General Features
      • Year Built 1963
      • Property Subtype 5 or More Units
      • County Sacramento
      • Association Fee $0
      • Association No
    • Building Features
      • Carport Spaces 0.00
      • Construction Materials Stucco, Wood
      • Num Commercial Units 0
      • Number of Buildings 2
      • Independent Parking Spaces 0
      • Number of Floors 2
      • Heating Wall Furnace
      • Levels Two
      • Foundation Slab
      • Garage Spaces 0.00
      • Flooring Tile
      • Covered Spaces 0.00
      • Cooling Wall Unit(s)
      • Open Parking Spaces 10.00
      • Number of Studio Units 0
      • Number of Units Total 8
      • Total Parking Spaces 10.00
      • Stories 2
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
      • Water Source Meter on Site
    • Property Features
      • Lot Size Source Assessor Agent-Fill
      • Lot Size Square Feet 13504.00
      • Lot Size Acres 0.31
    • Schools
      • Senior High School District Twin Rivers Unified
      • School District County Sacramento
      • Middle or Junior School District Twin Rivers Unified
      • Elementary School District Twin Rivers Unified

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    Neighborhood

    95815 (Sacramento) Demographics

    32 Median Age
    3,133 Population Density (per sq. mile)
    22% College Educated
    $34,583 Estimated Median Income
    3,105 Estimated Total Home Owners
    6,121 Estimated Total Renters
    34% / 66% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    25,673 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,295,000
        4/11/2022 1:01:55 PM Status Changed Source: Multiple Listing Service New Value: Pending Bring Backup
        4/5/2022 7:01:57 PM Price Reduced Source: Multiple Listing Service New Value: $1,295,000 -7.17%
        3/10/2022 12:02:29 AM Status Changed Source: Multiple Listing Service New Value: Active
        3/3/2022 2:02:15 PM Status Changed Source: Multiple Listing Service New Value: Pending Bring Backup
        2/24/2022 1:03:00 PM New in Database Source: Multiple Listing Service New Value: $1,395,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 5/24/2022 5:21:08 AM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.