Active
5650 Broadway
Sacramento CA, 95820
$2,375,000
Active
Multi-family
Built in 1934
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 virtually new and in fantastic 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.
224004384
MLSⓇ ID
May 9, 2024
Updated
Map
5650 Broadway
Sacramento CA, 95820
Interior Features
Total Stories
2
Interior Features
Vinyl
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
School Information
School District
Sacramento Unified
Other Property Details
Area Name
10820
Garage
No
Parking Total
11
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
R-1-Single Family Residential
Buyer Agency Compensation
2%
Courtesy of Ken Turton, Broker, Jon Lang,
Listing Contact:
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