2602 Franklin Way
2602 Franklin Way West Sacramento, California 95691 United States

$3,569,000
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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...
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PCG Commercial, Inc

Listing Courtesy of PCG Commercial, Inc
$3,569,000
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Price / Sq. Ft.:
$34
10
Bedrooms
4
Full Baths
104,544 Sq Ft.
Interior
2.4 Acres
Exterior
Residential Income
Property Type
1959
Year Built
20021984
Web Id
20021984
MLS ID
Washington Unified
School District
River Delta Unified
Elementary
River Delta Unified
Middle
River Delta Unified
High
8
days ago

About 2602 Franklin Way

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.

Listing Courtesy of PCG Commercial, Inc

Amenities

  • Wood Heating

PROPERTY INFORMATION

Amenities
Lndry H-Up Tnt Units, Patios/Balcony, Public Trans Nearby, Yard Space
Garage Info
0
Heating
Furnace Wall
Parking Description
+1 Space Per Unit, Carport

EXTERIOR

Construction
Wood
Exterior Features
Stucco, Wood
Roofing
Comp Shingle

INTERIOR

Flooring
Carpet, Laminate, Linoleum/Vinyl, Wood

ADDITIONAL INFORMATION

Number of Units
22
Listing Courtesy of PCG Commercial, Inc