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    2602-2601 Franklin Way

    West Sacramento, CA 95691
    • $3,569,000
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 20021984
    Price Reduced
    UPDATED: 51 min ago
    $3,569,000
    • 0
      BEDS
    • 2.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9), 2 Bedroom / 1 Bath homes approximately 727 SF each for total building size of 18,504 SF .Built in 1961 the homes are situated side-by-side on two parcels and are fully leased to tenants with guaranteed income from Section 8, SSI, and Pensions or employed in the 'essential' category.Each home has their own individual front and backyard, drive-way carport, and washer/dryer hook-ups.The value-add is in that the majority of the tenants have not received a rental increase in over 12 months of which many are well below market rent based on newest leases.There's also potential upside in rebuilding or expanding on two lots where two units burned down (2016) or utilizing them as picnic/play areas for the tenants.The homes command high market rent since tenants prefer to live in single-story housing versus stacked apartments.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-09-20T15:38:04.35. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.themacdonaldgroup.com/homes/105086740
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    2602-2601 Franklin Way West Sacramento, CA 95691

    • Price: $3,569,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 20021984
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.4
    Acres
    1959
    Built
    Neighborhood:
    West Sacramento S: 95691
    County:
    Yolo
    Area:
    West Sacramento S: 95691
    Elementary School:
    River Delta Unified
    Middle School:
    River Delta Unified
    High School:
    River Delta Unified
    School District:
    Yolo
    Property Description
    Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9), 2 Bedroom / 1 Bath homes approximately 727 SF each for total building size of 18,504 SF .Built in 1961 the homes are situated side-by-side on two parcels and are fully leased to tenants with guaranteed income from Section 8, SSI, and Pensions or employed in the 'essential' category.Each home has their own individual front and backyard, drive-way carport, and washer/dryer hook-ups.The value-add is in that the majority of the tenants have not received a rental increase in over 12 months of which many are well below market rent based on newest leases.There's also potential upside in rebuilding or expanding on two lots where two units burned down (2016) or utilizing them as picnic/play areas for the tenants.The homes command high market rent since tenants prefer to live in single-story housing versus stacked apartments.
    Exterior Features

    Approx Elevation 0 Construction Wood Covered Parking Spaces 0 Exterior StuccoWood Parking +1 Space Per UnitCarport Roof Comp Shingle Stories 1 Uncovered Parking Spaces 0

    Interior Features

    Air Window Equipment Gas Water Heater Floor Coverings CarpetLaminateLinoleum/VinylWood Furnished None Heat Furnace Wall Kitchen Appliances Other-Attch Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 727 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 727 Unit3 Bedrooms 3 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 936 Unit4 Bedrooms 3 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 936

    Property Features

    1 Bedroom Units 0 2 Bedroom Units 9 3 Bedroom Units 13 Amenities Lndry H-Up Tnt UnitsPatios/BalconyPublic Trans NearbyYard Space CCRs No Cross Street Address Gilde Ave. Energy Features Ceiling Fan(S) HOA No Hoa Dues 0 Individual Units 22 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 0 Tenant Pays CableElectricGas/Propane Total Leasable 22 Unit1 Rent 1227 Unit2 Rent 1227 Unit3 Rent 1479 Unit4 Rent 1479 Year Remodeled 0 Zoning M1

    Listing provided courtesy of Pcg Commercial, Inc. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-09-20T15:38:04.35. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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    The MacDonald Group at PMZ Real Estate
    1200 E. Orangeburg Ave Suite #202
    Modesto CA, 95350