Investment Opportunity in Sacramento: Profitable Short-term Rental Business with Three Units in Boulevard Park

$1,525,000

5 Beds | 5 Baths | 2,423 SqFt

2308 F St #2310, Sacramento, CA 95816

Active

Are you an investor looking for a lucrative opportunity in the real estate market? Or perhaps you're someone considering a property that offers both a comfortable living space and the potential for significant passive income? Look no further than this exceptional listing in the heart of Sacramento's beautiful Boulevard Park. Located at 2308 F St #2310, Sacramento, CA 95816, this property is truly one of a kind.

What sets this listing apart is the fact that it consists of not just one, but three units on a single lot. The main property, 2308 F St, is a fully detached 2-bedroom, 2-bathroom house. Additionally, there is a 2-bedroom, 2-bathroom unit at 2310 F St, and a 1-bedroom, 1-bathroom unit at 2309 Fat Aly. This unique setup offers immense potential for various living arrangements or rental opportunities.

One of the standout features of this property is its thriving short-term rental business. Currently, it is actively generating a gross revenue of over $135,000, making it a profitable venture right from the start. With consistent occupancy and a prime location within walking distance of Midtown's vibrant amenities, this property is an attractive investment option.

The duplex and additional accessory dwelling unit (ADU) have been extensively updated throughout. Each unit boasts modern quartz counters, stylish floating shelves, and custom cabinets. The bathrooms feature updated tile floors and vanities, providing a contemporary touch. Furthermore, each unit comes equipped with its own washer and dryer, ensuring convenience for both tenants and potential homeowners alike. Additionally, each unit has its own private backyard, allowing for outdoor relaxation and entertainment.

Rest assured, this property has undergone comprehensive renovations for your peace of mind. The HVAC systems, electrical panels, roofs, appliances, plumbing, sewer work, flooring, light fixtures, and windows have all been recently replaced or updated. This guarantees a comfortable and hassle-free living experience for tenants or future homeowners.

2310 F St and 2309 Fat Ally were updated in 2018, while 2308 F St received its updates in 2017. The property also benefits from well-established systems in place to efficiently run the short-term rental business. This includes garbage disposal services, cleaning arrangements, stocking supplies, and an Airbnb profile boasting an impressive 4.9-star rating with 255 reviews.

To top it all off, this home is being offered fully and thoughtfully furnished, making it an attractive turnkey opportunity. The inclusion of all furnishings in the sale allows for a seamless transition for anyone interested in continuing the short-term rental business.

In conclusion, this listing at 2308 F St #2310, Sacramento, CA 95816 presents a remarkable investment opportunity in the real estate industry. With three units on one lot, a profitable short-term rental business generating substantial revenue, and a prime location in Boulevard Park, it ticks all the boxes for both investors and those seeking a comfortable home with the potential for passive income. Don't miss out on this exceptional property with endless possibilities!

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