$1,086,250
$1,149,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 02/05/2025
Key Details
Sold Price $1,086,250
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224131996
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 Mixed Use
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.
Location Details Professional Complex,Business Park,Public Transportation Nearby,Restaurant Nearby,Shopping Nearby,Strip Center,Mall
Interior
Heating Central
Cooling Central
Flooring Vinyl
Exterior
Parking Features Open
Utilities Available Internet Available, Natural Gas Connected
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 6
Building
Story 1
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 230-0710-001-0000
Special Listing Condition None
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Bought with Reed Block Realty