Sold
2602 2601 Franklin Way
West Sacramento CA, 95691
$3,290,000
$31.47 per sqft
Sold
10 Beds
4 Baths
104,544 sqft
Multi-family
Built in 1959
Franklin Way Single-Family Residences consists of a total of 22 homes comprised of Thirteen (13), 3 Bedroom / 1 Bath homes approximately 936 SF each plus Nine (9), 2 Bedroom / 1 Bath homes approximately 727 SF each for total building size of 18,504 SF .Built in 1961 the homes are situated side-by-side on two parcels and are fully leased to tenants with guaranteed income from Section 8, SSI, and Pensions or employed in the 'essential' category.Each home has their own individual front and backyard, drive-way carport, and washer/dryer hook-ups.The value-add is in that the majority of the tenants have not received a rental increase in over 12 months of which many are well below market rent based on newest leases.There's also potential upside in rebuilding or expanding on two lots where two units burned down (2016) or utilizing them as picnic/play areas for the tenants.The homes command high market rent since tenants prefer to live in single-story housing versus stacked apartments.
20073735
MLSⓇ ID
March 9, 2024
Updated
Map
2602 2601 Franklin Way
West Sacramento CA, 95691
Interior Features
Total Stories
1
Bedrooms
10
Total Bathrooms
4
Interior Features
Carpet, Laminate, Wood
Appliances
Gas Water Heater
Floor Description
Carpet, Laminate, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
2.4 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
River Delta Unified
Other Property Details
Area Name
10691
Garage
No
View
No
County
Yolo
Pool
No
Zoning
M1
Buyer Agency Compensation
2.25%
Courtesy of PCG Commercial, Inc, Adrian del Rio,
Listing Contact:
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