5652 Broadway, Sacramento, CA 95820

Property Description

ATTENTION INVESTORS: Here are the numbers - $63,600 annual income which represents a GRM of 15. That is a good enough return for a duplex by itself but this listing comes with an additional 6400 sqft vacant lot! That alone comps at around $200,000 in Tahoe Park. If you were to remove the value of the land, the GRM drops to 11.8! This is a private, gated compound offering incredible versatility, immediate cash flow, and massive future upside. The duplex is situated just a short walk from fabulous local restaurants and the expanding, multi-billion-dollar UC Davis Medical Center campus. There also happens to be a third parcel consisting of a fully remolded single family home collecting $3150/mo. The three parcels that can be purchased together for $1.6M. Together, the single family home plus the duplex generate nearly $8,500 a month in gross rental income, featuring excellent existing tenants, exceptional privacy, and future development potential. You can build your own family compound here. This listing for $950,000 represents the Duplex + Vacant lot. The Duplex has been renovated and is in incredible condition, currently collecting $5,300 per month ($2,650 per unit). Current zoning allows for up to five additional dwelling units for all 3 parcels, making it an ideal opportunity to build and maximize your income-producing potential. Whether you are looking for a high-performing addition to your portfolio, a multi-generational family compound, or a development project to capitalize on Sacramento's increasing housing density, this Tahoe Park property delivers.