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Key Details
Sold Price $690,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223001181
Sold Date 02/22/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1982
Lot Size 0.412 Acres
Acres 0.412
Property Description
Great stand-alone building with onsite parking. Property was built as a 6-suite office building. Each unit has its own SMUD meter and its own HVAC system. County will allow it to be converted into a 6-plex residential apartment (six 1-bedroom 1-bath apartment). Great upside potential here. Market rent for 1-bedroom 1-bath fully renovated apartments in the area is between $1,400 and $1,600 per month. It will take less than $40K per unit to convert this property to residential use. Its market value fully rented at $9,000 gross rent per month is between $1,050,000 and 1,095,000. If you are an investor looking for a great deal, wait no more! Hurry! It will not last!
Location
State CA
County Sacramento
Area 10662
Direction From Hazel Avenue, go West on Greenback Lane about 1/4-mile to 8770 Greenback Lane.
Location Details Public Transportation Nearby,Restaurant Nearby,Hospital Nearby,See Remarks
Interior
Heating Central
Cooling Central
Flooring Varies by Unit
Exterior
Parking Features Open, Exclusive, Uncovered, Lighted
Utilities Available Natural Gas Connected
Water Access Desc Water District
Roof Type Composition
Building
Sewer Sewer Connected
Water Water District
Others
Senior Community No
Tax ID 261-0540-001-0000
Special Listing Condition Offer As Is
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Bought with N & T Realty Incorporated