417 Eleanor Avenue, Sacramento, CA 95815, Sacramento, 95815 - 4 bed, bath
ACTIVE$408,888
417 Eleanor Avenue, Sacramento, CA 95815
4Beds
0Bath
1,800Sqft
6,000Lot
Year Built
1941
Close
-
List price
$409K
Original List price
-
Price/Sqft
$227
HOA
$0
Days on market
-
Sold On
-
MLS number
ML81974662
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $408.9K(38th), sqft - 1800(62th), beds - 4(50th), baths - undefined(23th).
Large front unit and BAck unit are both rented Front 3br 1 ba rented $1980 Back unit 1 br 1 ba rented for 980. to a single female teacher. No garage. Park on driveway. and street parking. Lots of upgrade work done in both units. New wall heater in back unit. New wring, new circuit breaks. New sewer lines. Wire fence between units in back yard Drive by ..Do not disturb tenants. Owner may carry a 2nd
Price History
Date
Event
Price
07/27/24
Price Change
$408,888
02/22/21
Sold
$299,000
11/19/19
Sold
$200,000
03/10/14
Sold
$50,000
Condition Rating
Fair
Built in 1941, this property has received significant functional upgrades including new wiring, circuit breakers, and sewer lines, which are crucial for an older home. However, the images clearly show that the kitchen and bathrooms are very dated with older cabinets, laminate countertops, and appliances, requiring substantial aesthetic renovation. While major systems are functional and updated, the overall interior style and finishes are outdated, aligning with the 'Fair' category.
Pros & Cons
Pros
Immediate & Stable Rental Income: Both units are currently rented, generating a combined $2960/month, with the back unit tenant noted as a stable 'single female teacher', providing immediate cash flow.
Extensive System Upgrades: Significant recent capital improvements include new wiring, new circuit breakers, new sewer lines, and a new wall heater in the back unit, reducing immediate capital expenditures for a buyer.
Dedicated Income Property: As a duplex, this property is purpose-built for residential income, offering a clear investment opportunity in the Sacramento market.
Potential for Seller Financing: The owner's willingness to 'carry a 2nd' (second mortgage) offers flexible financing options, potentially attracting a wider range of buyers.
No Association Fees: The absence of HOA fees contributes to lower ongoing operating costs, enhancing the net income potential for an investor.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6000, other record lot size in square feet = 5663. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
No Garage: The property lacks a garage, which can be a disadvantage for tenants requiring covered parking or additional storage space.
Limited Showing Access: The instruction 'Do not disturb tenants' restricts easy access for showings, potentially hindering buyer interest and complicating the sales process.
Age of Property: Built in 1941, the property is over 80 years old. While significant upgrades have been made, an older structure may still present unforeseen maintenance challenges or require further capital expenditures in the long term.