3226 W Street, Sacramento, CA 95817

Property Description

Excellent turn-key investment. Fresh paint & new roofs! A great opportunity to own 4 darling & desirable detached cottages on one lot, centrally located on a quiet street near shopping, restaurants & downtown. 3226, 3228 & 3230 W Street are all cute 1 bedroom, 1 full bath cottages with lots of character and charm. Each property features a comfortable living room, spacious kitchen, and inside laundry hook-ups. 3226 is located over the 3-car garage and features 2 bedrooms & 1 full bath & W/D hook-ups. Garage spaces are offered to the tenants to rent for additional income. Tenants pay gas & electricity. Close to everything; UC Davis Medical Center, downtown, award winning schools, shopping, parks & freeway access. One unit, 3230 W Street, has been updated and is vacant and available to be shown. PLEASE DO NOT DISTURB THE TENANTs of the other units. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,500, $1,495, $1,502, and $1,895 per month. In addition to rents, tenants also pay a total of $237, combined per month, towards sewer/water/garbage & garage rent. Total monthly income is $6,629. Total annual income is $79,548. GRM is 11.3 and 8.85% Cap Rate based on gross rents. A fantastic investment opportunity with lots of potential.