2571 Erickson St Sacramento, CA 95815

Property Details for 2571 Erickson St

Year built

1950

Property type

Residential income homes

APN

265-0321-009-0000

Description

This exceptional investment opportunity presents two charming, single-family homes situated on a single lot in Sacramento, CA. The property, encompassing 6,098 square feet, features two separately metered, updated homes, each boasting two bedrooms and one bathroom. 2571 Erickson Street offers 792 square feet of living space, while 2569 Erickson Street provides 850 square feet. Both homes have undergone recent remodeling, including new composite roofs, updated water heaters, central heating and air conditioning, granite or quartz countertops, and stainless steel appliances (including refrigerators). Washers and dryers are included in each unit. Each home also benefits from gated on-site parking for two cars and indoor laundry facilities. Currently rented to long-term tenants with month-to-month agreements, the property generates a monthly income of $3,090, poised for a 10% rent increase in December. All remodeling was completed with City of Sacramento permits. This property is zoned R-1 and presents a strong cash flow investment, ideal for owner-occupancy or as a 1031 exchange opportunity. The combined net rentable square footage is 1,642 square feet, built in 1950. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable Sacramento location. The APN is 265-0321-009-0000.