7601-11 Twin Oaks Avenue, Citrus Heights, CA 95610; Multifamily Properties For Sale; A-1 in Sacramento County

7601-11 Twin Oaks Avenue, Citrus Heights, CA 95610; Multifamily Properties For Sale; A-1 in Sacramento County


7601-11 Twin Oaks Avenue, Citrus Heights, CA 95610; Multifamily Properties For Sale; A-1 in Sacramento County

Multifamily Property For Sale

Price:
$1,049,000
No. Units:
13
Building Size:
9,600 SF
Price/Unit:
$80,692.31
Lot Size:
1.47 AC
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise

Description

PRICE REDUCTION $50,000!

The property consists of 13 units (5 x One-BR, 6 x Two-BR and 2 x Three-BR) on six separate buildings on eight separate but contiguous parcels (about 1.47 acres.) Each unit is separately metered and has a range, and a heating and an air conditioning unit. Some units have backyard, storage sheds and carports. There is ample open parking. There has always been low vacancy at this property and there are many long-term tenants. The current rents are below market so there is great upside potential. Additional income may be generated from the rental of the large garage. It may also be possible to purchase portable self-storage pods and place them in the open area in back of the property for more income (please check with the City of Citrus Heights for its rule and regulation before proceeding.)

This property is located in the City of Citrus Heights, near the northern boundary of Sacramento County and next to the City of Roseville. It is in a desirable residential neighborhood with mostly single-family houses. The property is close to schools, parks, I-80 freeway, and public transportation.

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