913 24th Street, Sacramento, CA 95816

$1,500,000
1
BD
1
Full Bath
500
SqFt
List Price
$1,500,000
MLS#
222126566
Status
ACTIVE
Bedrooms
1
Bathrooms
1
Living Sq. Ft
500
Type
Multifamily
Zip
95816
city
Sacramento

Property Description

915 24th Street, a current four-plex, with approved plans to finish out the first floor and turn the complex into an eight-plex. This is a rare opportunity for a future investor to acquire 913 & 915 24th Street with pre-approved site plans offered within the same historical district by similar properties. The site plans include an already designed eight-unit development, approximately 3,343 total livable square feet, zoned multifamily. By converting each existing building into a two-unit building with two ADU's in the first floor, this project gives the prospective buyer or tenants' the ability to design and furnish the units to their respective touch. With pre approved plans, the two contractors that have been through the building have stated it will take about $200,000-300,000 to complete each building, with a total rehab expected in the $550,000 range. Thus for just about two million, an owner can expect to have a turn key, newly renovated eight-plex in a great location in Midtown Sacramento.

Additional Information

Land Area (Acres)
0.1
Year Built
1912
Number of Buildings
2
Number of 1 Bedroom Units
8
Roof Description
Shingle

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap Real Estate.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2022 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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