Address
3740 May Street Sacramento, CA
Price
$ 2,500,000
Property Attributes
  • MLS#20069712
  • TypePending
  • CountySACRAMENTO
  • CitySacramento
  • Zip95838
  • Style
  • Price$ 2,500,000
  • Bedrooms9
  • Full Bathrooms4
  • Half Bathrooms2
  • Lot Size1.13 Acres
Listing Provided Courtesy Of:
Davide Pio CalBRE# - 01522969 with Baniqued Realty
Property Description

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.

Elementary School Middle School High School
Twin Rivers Unified Elementary School Twin Rivers Unified Middle School Twin Rivers Unified High School
Price History
11/21/2020 Listed $2,500,000

General Features

Air None
Amenities None
Apn 251-0102-020-0000
Area 10838
Cc&rs No
Census Tract 0.00
Construction Wood
Energy Features None
HOA No
HOA BAREIS
Parking +1 Space Per Unit, Street, Varies by Unit
Property Description Grand Ave Villa is an 18 unit HUD master leased apartment that runs until mid-2022 with automatic annual increases. Throughout ownership
Property Subtype 5 or More Units
School County Sacramento
Total # Leasable 18
Total Number Indiv Units 18
Year Built 1974
Zoning R-2A

Interior Features

# of 1 Bedroom Units 4
# of 2 Bedroom Units 8
# of 3 Bedroom Units 6
Equipment None
Floor Covering(s) Carpet, Linoleum/Vinyl, Varies by Unit, Wood
Furnished Y/N None
Heating Central, Natural Gas
Kitchen Appliances Range Gas B/I, Refrigerator B/I, Varies by Unit
Unit 1 Apx Sq Ft 500
Unit 2 Apx Sq Ft 800
Unit 3 Apx Sq Ft 1000
Unit 4 Apx Sq Ft 1000
Unit 4 Full Baths 1
Unit 4 Half Baths 1

Exterior Features

Unit 1 Bedrooms 1
Unit 1 Full Baths 1
Unit 1 Rent 1145
Unit 2 Bedrooms 2
Unit 2 Full Baths 1
Unit 2 Rent 1225
Unit 3 Bedrooms 3
Unit 3 Full Baths 1
Unit 3 Half Baths 1
Unit 3 Rent 1420
Unit 4 Bedrooms 3
Unit 4 Rent 1420
Acres 1.1300
Exterior Stucco
Roof Description Flat/Low Pitch
Total # Of Bldgs 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95838

Price
AVG $380K
$2.5M
Visits
AVG 90
159
Year Built
AVG 1968
1974
Walkscore
AVG 39
51
Data Provided by Walkscore ® not using MLS data

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