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$2,375,000

Est. payment - /mo

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1,111 SqFt

Active

5650 Broadway Sacramento, CA 95820

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

10/22/2024 07:26 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,111 sqft

Price per Sqft $2,137

MLS Listing ID 224004384

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1934

Lot Size 6,970 Sqft

Acres 0.16

Property Description

5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are in exceptional condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.

Location

State CA

County Sacramento

Area 10820

Direction Located along Broadway between 56th and 58th Streets.

Interior

Heating Central

Cooling Central

Flooring Vinyl

Laundry Other

Exterior

Garage Open, Other

Utilities Available Natural Gas Connected, Electric

Water Access Desc Public

Total Parking Spaces 11

Building

Lot Description Private, Secluded

Story 2

Foundation Concrete

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 015-0061-007-0000

Special Listing Condition None

Listed by Ken Turton, Broker

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925