1412 V St Single-Family Houses, CA

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Home For Sale In Sacramento, California

Price: 799000
Address: 1412 V St
City: Sacramento
State: CA
Zip:
Provided By: RealtyWW

Description:

Property has been totally remodeled with Sacramento city permits and inspection in 2019. Remodel included new roof, plumbing, HVAC, electrical wiring and 220-amp service. New water and sewer line installed. Small 99SF hobby studio in the rear yard. Gross scheduled income is $91, 104 and net annual income is $89, 995 with both units rented. Cap rate is 10.6 including taxes and insurance. Annual expenses are $11, 093 including all utilities, tax and insurance. Rents were sourced 50% owner and 50% Airbnb and a mix of short-term and long-term rental income. All properties are fully furnished and rented. Managed by owner. This single-family home can be used as a 3 bedroom/ 2 bath house, or it can be used as 1-bedroom 1bath with a separate 1-bedroom 1bath ADU. There are soundproof doors and separate climate control which makes it happen. This property can be part of a 3-income property package. Total price for three properties is $2, 797, 000 discounted to $2, 789, 000.

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