Investment Opportunity: Multi-Unit Victorian Duplex in Sacramento
Are you searching for a lucrative investment opportunity in the real estate industry? Look no further! We are thrilled to present to you an exceptional listing in Sacramento, California. Nestled in the charming neighborhood of Victorian Alley, this multi-unit duplex offers not only a prime location but also incredible income potential. With a listing price of $1,099,000, this property is a part of a three-income property package that could be yours for a total discounted price of $2,999,000 when purchased together. Let's delve into the details of this remarkable investment.
The property at 1413 Victorian ALY #1415 is a duplex consisting of two-bedroom units. What sets this duplex apart is its flexibility in generating rental income. Each unit can be divided into four rentable spaces, allowing for a maximum of eight units. This configuration includes two one-bedroom units, two studio units, and the option to create an Accessory Dwelling Unit (ADU) with a separate exterior entrance. Additionally, the ADU will have access to the remainder of its respective duplex unit, making it an ideal space for tenants seeking privacy and independence.
Now, envision the possibilities. Each duplex can be utilized as a two-bedroom unit or transformed into a lucrative combination of a Studio ADU unit and a one-bedroom unit, totaling four rentable units per duplex. This not only maximizes your rental income potential but also caters to a broader range of potential tenants, including those seeking more affordable studio or one-bedroom options. The versatility of this property is truly remarkable.
But the opportunities don't stop there. This duplex property can be purchased together with two other adjacent properties, creating a three-property investment package that guarantees an annual scheduled net income of $320,753. The second duplex, located at 1409-1411 Victorian Alley, is directly adjacent and attached to the property at 1413 Victorian ALY #1415. The third property, 1412 V St, is situated at the rear on a separate lot. This package deal provides you with the chance to diversify your investment and increase your overall revenue stream.
Moreover, these properties already boast a tried and tested rental history. All three units are fully furnished, rented, and managed by the owner. The rental income is sourced through a mix of short-term and long-term tenants, including the popular accommodation platform Airbnb. This established rental history ensures a seamless transition for the new owner, reducing the effort and time-consuming process usually associated with acquiring new tenants.
In terms of parking, you'll be pleased to know that the entire city block across from Urban Roots, on the corner of 14th and V St, offers unlimited free parking without meters. Moreover, all streets in the area provide free street parking. Owners have the additional benefit of receiving parking passes and guest passes.
In conclusion, this listing presents an exceptional investment opportunity in Sacramento's real estate market. The flexibility in generating rental income, the potential to acquire a three-property investment package, and the established rental history make this a highly desirable investment. Don't miss out on the chance to secure this fantastic property! Contact us today and seize the opportunity to expand your real estate portfolio in Sacramento.
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