3125 3rd Ave

Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the property with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.