9075 Montoya Street 4, Sacramento, CA 95826, Sacramento, 95826 - 2 bed, 1 bath
ACTIVE$249,000
9075 Montoya Street 4, Sacramento, CA 95826
2Beds
1Bath
924Sqft
Lot
Year Built
1968
Close
-
List price
$249K
Original List price
-
Price/Sqft
$269
HOA
$190
Days on market
-
Sold On
-
MLS number
224104839
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $249.0K(47th), sqft - 924(50th), beds - 2(50th), baths - 1(50th).
Investors only! This condominium is an upstairs unit all on one level. Close to Highway 50 and Watt Ave. Galley style kitchen with separate dining area. The bedrooms have space saving features. Central bath. Large well laid out living room. Dual pane windows. Covered front porch. Extra Large Driveway. Laundry is on back side of building and is only for 4 units. Shared 2 car garage with extra storage. New carpet, paint, range, and dishwasher, new epoxy garage floor. Property is Leased out for a at least one year at $1700 per month. Make offer subject to inspection.
Nearby schools
3/10
Isador Cohen Elementary School
Public,•K-6•0.1mi
5/10
Albert Einstein Middle School
Public,•7-8•1.1mi
6/10
Rosemont High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
09/18/24
Price Change
$249,000
12/28/16
Sold
$70,000
03/11/13
Sold
$43,000
11/02/12
Sold
$41,500
08/13/04
Sold
$165,000
Condition Rating
Fair
Built in 1968, this property has received recent cosmetic updates including new carpet, paint, range, and dishwasher, making it clean and move-in ready. However, the kitchen features dated cabinets, laminate countertops, and an older light fixture, while the bathroom also presents with a dated vanity, tile, and lighting. While functional and maintained, these key areas show clear signs of being outdated in style, suggesting they would require future updates for a modern aesthetic.
Pros & Cons
Pros
Guaranteed Rental Income: The property is currently leased for at least one year at $1700 per month, providing immediate and stable cash flow for an investor.
Recent Updates: Recent renovations include new carpet, paint, range, dishwasher, and a new epoxy garage floor, reducing immediate maintenance needs for the buyer.
Strategic Location & Accessibility: Located close to Highway 50 and Watt Ave, offering excellent commuting options and convenient access to amenities.
Energy Efficiency Features: Equipped with dual-pane windows, enhancing energy efficiency and sound insulation for residents.
Ample Parking & Storage: Features an extra-large driveway and a shared 2-car garage with additional storage, addressing common parking and storage needs.
Cons
Limited Buyer Pool: Explicitly marketed for 'Investors only,' which significantly narrows the potential buyer demographic and could limit future resale to owner-occupants.
Shared Laundry Facilities: Laundry is located on the backside of the building and shared among 4 units, which is less convenient than in-unit laundry.
Monthly Association Fees: A recurring monthly association fee of $190 adds to the ongoing ownership costs, impacting the net rental yield.