Courtesy of: Timothy Swanston | North Coast Commercial, Inc.
Purchase Type: Sale
MLS ID: 20071931
Year Build: 1949
Lot size: 4.48
Property Type: Residential Income
New Construction: No
Heating: Varies by Unit
Swimming Pool: No
School District: Sacramento
Address: 7214 14th Street
City: Rio Linda
Situated on 4.5 acres, 7214 14th St and 1411 Q St is a (9) unit multifamily property located in the outskirts of Sacramento in Rio Linda. The property provides a scenic and rural location for those tenants seeking a quieter lifestyle, but still close to Sacramento and an easy drive to downtown/midtown. A new buyer will find upside in raising rents, and adding value through renting the storage units on site. There is also a separate building that the current owner had plans to convert into a laundry room (coin-op laundry included in sale). In total, there is $24,000 in annual income that can be added through just the raising of rents and renting out storage on-site without the need for any capital improvements. All buildings on site have the following recent upgrades: New Roofs, new flooring (mix of tile and laminate), new appliances, new counters, new bathrooms, updated kitchens, and more. The property has just had its septic tanks emptied, and new bladder tanks installed.
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