5650 Broadway Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95820
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224004384
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1934
Lot Size 6,970 Sqft
Acres 0.16
Property Description
5650 Broadway is a 3-parcel "value-add" development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are in exceptional condition. The three existing units are currently rented for a total of $8,450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling .60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located & upscale unit.
Location
State CA
County Sacramento
Area 10820
Direction Located along Broadway between 56th and 58th Streets.
Interior
Heating Central
Cooling Central
Flooring Vinyl
Laundry Other
Exterior
Garage Open,Other
Utilities Available Natural Gas Connected,Electric
Water Access Desc Public
Total Parking Spaces 11
Building
Lot Description Private,Secluded
Story 2
Foundation Concrete
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 015-0061-007-0000
Special Listing Condition None