37 Morrison Ave
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37 Morrison Ave
2,466 SF 86% Leased Industrial Building Sacramento, CA 95838 $599,950 ($243/SF) 7.98% Cap Rate
Investment Highlights
- Discover the endless possibilities with this spacious 2,466 sq. ft. home situated on a .087-acre lot, zoned M-1-PUD (Light Industrial).
- This location is perfect for both residential and potential business ventures.
- Conveniently located near freeway access.
Executive Summary
**Unlock Your Investment Potential!** Discover the endless possibilities with this spacious 2,466 sq. ft. home situated on a .087-acre lot, zoned M-1-PUD (Light Industrial). This unique property features 5 bedrooms, a versatile loft, a family room, a living room, a dining area, a kitchen, alongside 3 full bathrooms and a 2-car garage. With ample space on the lot to accommodate motorhomes, semi-trucks, excavators, etc. This location is perfect for both residential and potential business ventures. Currently, 4 rooms are being rented out downstairs, while the upper level has 3 additional rooms that could also be rented, maximizing your investment return. A large loft upstairs and a family/bonus room downstairs add to the rental appeal, allowing for a total of 7 income-generating rooms. With a projected gross monthly rental income of $6,600 after some repairs, the potential is significant. Check out the Sacramento City Planning Article 1 zone-Permitted uses for M-1. Conveniently located near freeway access, this property offers not just a home but a strategic investment opportunity. Matterport video tour are available upon request.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,200
|
$32.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,088
|
$4.50
|
| Effective Gross Income |
$68,112
|
$27.62
|
| Taxes |
$6,900
|
$2.80
|
| Operating Expenses |
$3,634
|
$1.47
|
| Total Expenses |
$10,534
|
$4.27
|
| Net Operating Income |
$57,578
|
$23.35
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $79,200 |
| Annual Per SF | $32.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,088 |
| Annual Per SF | $4.50 |
| Effective Gross Income | |
|---|---|
| Annual | $68,112 |
| Annual Per SF | $27.62 |
| Taxes | |
|---|---|
| Annual | $6,900 |
| Annual Per SF | $2.80 |
| Operating Expenses | |
|---|---|
| Annual | $3,634 |
| Annual Per SF | $1.47 |
| Total Expenses | |
|---|---|
| Annual | $10,534 |
| Annual Per SF | $4.27 |
| Net Operating Income | |
|---|---|
| Annual | $57,578 |
| Annual Per SF | $23.35 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Fireplace
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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zoning
| Zoning Code | M-1-PUD (Light Industrial- see attachment Article 1 zone-Permitted uses for M-1) |
| M-1-PUD (Light Industrial- see attachment Article 1 zone-Permitted uses for M-1) |
-
Roxanne McCaslin -
eXp Realty of California
1 of 19
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37 Morrison Ave
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