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    3740 May Street

    Sacramento, CA 95838
    • $2,500,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 20069712
    $2,500,000
    • 9
      BEDS
    • 1.13
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Zephyr Real Estate. Data last updated: 2021-02-27T23:57:27.157.
    www.teamobrienre.com/homes/113662066
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    3740 May Street Sacramento, CA 95838

    • Price: $2,500,000
    • Status: Active
    • ID#: 20069712
    9
    Beds
    4
    Baths
    0
    ½ Baths
    1.13
    Acres
    1974
    Built
    Neighborhood:
    10838
    County:
    Sacramento
    Area:
    10838
    Property Description
    Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.
    Exterior Features

    Carport Spaces 0 Covered Spaces 0 Foundation Details Slab Independent Parking Spaces 0 Open Parking Spaces 0 Parking Features StreetVaries By Unit1+ Space Per Unit Parking Total 25 Roof Flat Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 4 2 Bedroom Units Total 8 3 Bedroom Units Total 6 4 Bedroom Units Total 0 Appliances Built-In Gas RangeBuilt-In RefrigeratorVaries By Unit Commercial Units Total 0 Cooling None Flooring CarpetWoodVaries By UnitLinoleum/Vinyl Heating CentralNatural Gas Studio Units Total 0

    Property Features

    Association Amenities None Association Fee 0 Association YN No Availability Date 1/1/1800 12:00:00 AM Gross Income 270128 Property Sub Type 5 Or More Units Property Type Residentialincome Sewer Public Sewer Special Listing Conditions None Tenant Pays Cable TvElectricity Water Source Public Zoning Description R-2A

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Davide Pio of Baniqued Realty.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Zephyr Real Estate. Data last updated: 2021-02-27T23:57:27.157.
     
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    350 Bon Air Center, Suite 100
    Greenbrae CA, 94904