About 2121 Marconi Avenue
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.
Amenities
| Utilities |
Public
|
| Parking |
Uncovered Parking Space
|
| # of Garages |
1
|
| View |
City,City Lights
|
| Has Pool |
No
|
Interior
| Heating |
Other
|
| Cooling |
Other
|
| Fireplace |
Yes
|
| # of Fireplaces |
1
|
| Fireplaces |
Living Room
|
| Stories |
One
|
| Has Basement |
No
|
Exterior
| Lot Description |
Street Lights
|
| Roof |
Composition
|
| Construction |
Stucco,Frame
|
| Foundation |
Raised
|
Listing Details
| Office | KW CA Premier - Sacramento |
|---|
Listing Schools/Amenities
