$1,086,250
$1,149,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
4,766 SqFt
SOLD DATE : 02/05/2025
Key Details
Sold Price $1,086,250
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,766 sqft
Price per Sqft $227
MLS Listing ID 224117800
Sold Date 02/05/25
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Quadruplex
Property Description
This Carmichael mixed use property offers a unique blend of stability and future potential, making it an exceptional find for forward-thinking investors or owner-occupants. The rear of the property features a fully renovated triplex, each unit with private backyards and fully leased at top-of-market rents. With consistent cash flow already in place, this asset is ready to perform from day one. What sets this property apart is the flexibility of the front unit. Historically a single-tenant retail space, it holds the possibility for a multi-unit retail conversion or even a residential adaptation, subject to local zoning. This versatility opens the door to various revenue streams and strategic repositioning based on market demand. For those looking to enhance their portfolio with a dynamic, income-producing property, or for an owner-occupant seeking to capitalize on Carmichael's growing market, this is an unparalleled opportunity. Properties with this level of versatility, immediate return, and future upside are rarely available, making this the ideal moment to invest.
Location
State CA
County Sacramento
Area 10608
Direction Manzanita Ave, just North of the Fair Oaks/Manzanita intersection.
Interior
Heating Central
Cooling Central
Flooring Vinyl
Laundry In Each Unit
Exterior
Parking Features Off Street, Open
Utilities Available Electric
Water Access Desc Public
Total Parking Spaces 8
Building
Lot Description Shape Regular, Curbs/Gutters, Landscape Back
Story 1
Foundation Concrete
Sewer Public Sewer
Water Public
Schools
Elementary Schools San Juan Unified
Middle Schools San Juan Unified
High Schools San Juan Unified
School District Sacramento
Others
Senior Community No
Tax ID 230-0710-001-0000
Special Listing Condition None
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Bought with Reed Block Realty