Attention Investors & First-Time Home Buyers! A turnkey 120-year-old Victorian 4-Plex is for sale minutes from Sacramento Hard Rock Casino, Toyota Amphitheatre, and Beale Air Force Base. Walking distance to Chevron, Taco Bell, Big Al's Market for fresh groceries, Elkin's Frosty for a burger and ice cream, or Walker's Wine & Brew House for happy hour. The current owner has made over $100,000 worth of improvements in the last six months. You could get an Owner-occupied Loan with a lower interest rate and less down payment by living in one unit and renting the other three. You could also be a savvy investor and get a DSCR Loan by using rental income from long-term renters or possibly Airbnb. There are lots of options! The potential rent could be $1.50 per square foot. Based on the estimated 3422sqft, Gross Rent could be more than $5,000/mo or $60,000/yr. At a generous 8% CAP Rate, the value is $750,000. Improve the rents, improve the value. You decide. Wheatland, CA, is only a 15-minute drive to Lincoln, CA, to the south and a 15-minute drive to Yuba City, CA, to the north. The population is growing, and new housing is selling out faster than they can build it. Don't miss the opportunity!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
