38.609833 -121.472336
  • $639,000
Off Market

420 Cleveland Avenue SACRAMENTO, CA 95833

False False 262449905 38.609833 -121.472336 60153 /listing/262449905-151366033/420-cleveland-avenue-sacramento-ca-95833 False 0 639000.0 105 20007562 False
  • 66 x 310 Lot
Courtesy Of C Fred Wilcox , RE/MAX Gold Folsom See how Multiple Listing Services benefit you >

Multi-Family in Sacramento

Opportunity with this Vaue-Add property. Sporting an eclectic mix of 13 Tenants = 2 houses, 6 RV Lots, 1 Mobile Lot and a Fourplex of studios. This is a permitted licensed Mobile Home Park called Gardenland Mobile Home and RV Park, but there are two houses and the fourplex too. The RV's & Mobile home are owned by the Tenants. They are parked permanently and attached to water sewer & electricity. Low Maintenance as you only have to worry about the building structures & the rv/mobile connections. Property was paved, new roofs in 2019. There is a lot of room to bump the rents as well. Rent are approximately $20,000 under market in annual rent presently and its already a 9.23% cap rate. This is a unique little community in a close knit environment. Bring us an offer now. Its a great return & is easier than more conventional properties. This thing makes very good income. At market rents you gross $102,660 and a 12.37% cap rate. VACANCY less than 1%. Gross Rent Multiplier is 7.74 - HELLO!

Courtesy Of C Fred Wilcox , RE/MAX Gold Folsom See how Multiple Listing Services benefit you >

Main Features

  • Listing Status: Off Market
  • Year Built: 1949
  • School District: Twin Rivers Unified
  • School District2: Twin Rivers Unified
  • School District3: Twin Rivers Unified
  • School District: Sacramento
  • County: SACRAMENTO
  • Units: 13
  • MLS Number:20007562

Additional Features

  • Cooling:
    • Ceiling Fan(s)
    • Wall Unit(s)
  • Equipment:
    • Water Cond Equipment Owned
  • Flooring:
    • Laminate
    • Tile
  • Laundry:
    • Washer/Dryer Owned
  • Appliances:
    • Free Standing Gas Oven
    • Free Standing Gas Range
  • Construction:
    • Frame
    • Lap Siding
    • Stucco
  • Property Type:
    • ResidentialIncome
  • Property Sub Type:
    • 5 or More Units
  • Roof:
    • Composition
  • Style:
    • Ranch
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor Auto-Fill
  • Foundation:
    • Raised
  • Irrigation:
    • None
  • Lot Description:
    • None
  • Lot Size Source:
    • Assessor Auto-Fill
  • Parking:
    • Open
  • Parking Spaces:
    • 20
  • Electric:
    • 220 Volts
  • Heating:
    • Wall Furnace
  • Sewer:
    • Public Sewer
  • Utilities:
    • City
    • Natural Gas Connected
  • Board:
    • MetroList Services Inc.
  • Special Conditions:
    • None
  • Tenant Pays:
    • Electricity
  • 1 Bedroom Occupied:
    • 0
  • 1 Bedroom Total Units:
    • 1
  • 2 Bedroom Occupied:
    • 0
  • 2 Bedroom Total Units:
    • 0
  • 3 Bedroom Occupied:
    • 0
  • 3 Bedroom Total Units:
    • 0
  • 4 Bedroom Occupied:
    • 0
  • 4 Bedroom Total Units:
    • 0
  • Association YN:
    • false
  • CA DRE License # of Listing Agent:
    • 01073374
  • Commercial Total Units:
    • 0
  • Cross Streets:
    • American
  • Income Includes:
    • Coin Operated Equipment
    • Laundry
  • Lot Size Square Feet:
    • 20473
  • No. of Buildings:
    • 3
  • Operating Expense Includes:
    • Accounting
    • Insurance
    • Maintenance Grounds
    • Property Tax
    • Trash
  • Originating System Name:
    • MLS Metrolist
  • Parcel Number:
    • 274-0132-015-0000
  • Parking Total:
    • 20
  • Property Disclaimer:
    • All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2022, MetroList Services, Inc.
  • Studio Total Units:
    • 5
  • Total Acres:
    • 0.47
  • Unit 1 Apx Sq Ft:
    • 450
  • Unit 1 Rent:
    • 594
  • Unit 2 Apx Sq Ft:
    • 550
  • Unit 2 Bedrooms:
    • 1
  • Unit 2 Full Baths:
    • 1
  • Unit 2 Rent:
    • 918
  • Unit 3 Apx Sq Ft:
    • 400
  • Unit 3 Bedrooms:
    • 1
  • Unit 3 Full Baths:
    • 1
  • Unit 3 Rent:
    • 662
  • Unit 4 Apx Sq Ft:
    • 400
  • Unit 4 Bedrooms:
    • 1
  • Unit 4 Full Baths:
    • 1
  • Unit 4 Rent:
    • 662
  • Units Furnished:
    • None
Neighborhood info courtesy of Homes.com © 2022
2365 Iron Point Road Suite 200 Folsom CA 95630
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