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    3740 May

    Sacramento, CA 95838
    • $2,500,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 20069712
    New On Site 4 Days Ago
    UPDATED: 48 min ago
    $2,500,000
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Information

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

    Description

    BCRE's Davide Pio & Brian Baniqued are proud to present Grand Ave Villa. Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.

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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 2020-11-26T07:37:59.38. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.themacdonaldgroup.com/homes/112106194
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    3740 May Sacramento, CA 95838

    • Price: $2,500,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 20069712
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    1974
    Built
    Neighborhood:
    No Sacto/Natomas/Del Paso Height
    County:
    Sacramento
    Area:
    No Sacto/Natomas/Del Paso Height
    Elementary School:
    Twin Rivers Unified
    Middle School:
    Twin Rivers Unified
    High School:
    Twin Rivers Unified
    School District:
    Sacramento
    Property Description
    BCRE's Davide Pio & Brian Baniqued are proud to present Grand Ave Villa. Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership, the landlord will receive substantial payments from HUD. Upside can be attained in multiple ways including by renegotiating the contract to include higher rents, complete remodel of all units as they are turned for an even higher rent schedule, or request to cancel the contract and return to market rents within one year of the agreement. Located in the Del Paso Heights neighborhood of Sacramento, the property is offered at an attractive price with multiple options for upside potential.
    Exterior Features

    Approx Elevation 0 Construction Wood Covered Parking Spaces 0 Exterior Stucco Parking +1 Space Per UnitStreetVaries By Unit Roof Flat/Low Pitch Stories 2 Uncovered Parking Spaces 0

    Interior Features

    Air None Equipment None Floor Coverings CarpetLinoleum/VinylVaries By UnitWood Furnished None Heat CentralNatural Gas Kitchen Appliances Range Gas B/IRefrigerator B/IVaries By Unit Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 500 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 800 Unit3 Bedrooms 3 Unit3 Full Baths 1 Unit3 Half Baths 1 Unit3 Sq Ft 1000 Unit4 Bedrooms 3 Unit4 Full Baths 1 Unit4 Half Baths 1 Unit4 Sq Ft 1000

    Property Features

    1 Bedroom Units 4 2 Bedroom Units 8 3 Bedroom Units 6 Amenities None CCRs No Cross Street Address Grand Ave Energy Features None HOA No Hoa Dues 0 Individual Units 18 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 0 Tenant Pays CableElectric Total Leasable 18 Unit1 Rent 1145 Unit2 Rent 1225 Unit3 Rent 1420 Unit4 Rent 1420 Year Remodeled 0 Zoning R-2A

    Listing provided courtesy of Baniqued Realty. 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 2020-11-26T07:37:59.38. 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