Address
5650 Broadway, Sacramento, CA
Price
$ 2,375,000
Property Attributes
- MLS#224004384
- TypeIncome
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- Zip95820
- Style5 or More Units
- Price$ 2,375,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,970 SqFt
Data Source:
MetroList MLS
Property Description
5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are virtually new and in fantastic condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.
| Price History | |
|---|---|
| 1/19/2024 | Listed $2,375,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central |
| Utilities | Natural Gas Connected,Electric |
| Garage Spaces | 0.0 |
| Construction Materials | Stucco,Wood |
| Year Built | 1934 |
| Stories | 2 |
| Property SubType | 5 or More Units |
| County | Sacramento |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Located along Broadway between 56th and 58th Streets. |
| City | Sacramento |
| Buyer Agent Compensation | 2 |
| High School District | Sacramento Unified |
| Zoning Description | R-1-Single Family Residential |
| Open Parking Spaces | 11.0 |
| Total Units | 3 |
| MLS Area | 10820 |
| Lot Size Square Feet | 6970.0 |
| Carport Spaces | 0.0 |
| Street Name | Broadway |
| Standard Status | Active |
| Middle/Junior School District | Sacramento Unified |
| Elementary School District | Sacramento Unified |
| Year Built Source | Assessor Auto-Fill |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Vinyl |
|---|---|
| Total Stories | 2 |
| Laundry Features | Other |
| Unit 2 Bedroom Units Total | 2 |
| Unit 3 Bedroom Units Total | 1 |
Exterior Features
| Parking Features | Open,Other |
|---|---|
| Lot Features | Private,Secluded |
| Water Source | Public |
| Total Parking | 11.0 |
| Foundation Details | Concrete |
| Number of Buildings | 2 |
| Lot Size Acres | 0.16 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95820
Price
Visits
Year Built
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. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 18, 2024 6:43 PM UTC 