5654-5652 Broadway, Sacramento, CA 95820

5652-5654 Broadway is a "one of one" investment and development opportunity located in the heart of Tahoe Park. The property features a single-story duplex situated on a 12,800 SF parcel of land plus an additional 6,400 SF parcel located behind the duplex, for a total parcel size of 19,200 SF (.44 Acres). The interiors of both units were renovated in 2023 including new kitchens, bathrooms, flooring, lighting, and interior paint. Additionally, several "big ticket" capital improvements have been completed within the last ten years including the roof, gutters, dual pane windows, plumbing work, electrical wiring, exterior stucco, and exterior paint. Each unit currently benefits from a fenced front and backyard, as well as a large shared parking area that is accessed via gated driveway off Broadway. The ownership has thoughtfully completed preliminary plans to construct six (6) additional ADUs on the residual land surrounding the duplex for a total of 8 units. The market rent for both units is $2,650 per month which results in a in-place cap rate of 4.45%.