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ATTENTION INVESTORS: Here are the numbers – $63,600 annual income which represents a GRM of 15. That is a good enough return for a duplex by itself but this listing comes with an additional 6400 sqft vacant lot! That alone comps at around $200,000 in Tahoe Park. If you were to remove the value of the land, the GRM drops to 11.8! This is a private, gated compound offering incredible versatility, immediate cash flow, and massive future upside. The duplex is situated just a short walk from fabulous local restaurants and the expanding, multi-billion-dollar UC Davis Medical Center campus. You can build your own family compound here. This listing for $950,000 represents the Duplex + Vacant lot. The Duplex has been renovated and is in incredible condition, currently collecting $5,300 per month ($2,650 per unit). Current zoning allows for additional dwelling units making it an ideal opportunity to build and maximize your income-producing potential. Whether you are looking for a high-performing addition to your portfolio, a multi-generational family compound, or a development project to capitalize on Sacramento’s increasing housing density, this Tahoe Park property delivers.
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Source:
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Source:
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