7 bedroom house for sale

Overview

5650 Broadway is a 3-parcel value-add'' development opportunity located in the Tahoe Park neighborhood of Sacramento. The Property currently features 3 residential units including a single-family residence on Broadway and a single-story duplex located behind the SRF, all of which are virtually new due after extensive renovations in 2023 sparing no detail and addressing all big ticket'' items such as roof, HVAC, plumbing, electrical, stucco, paint, kitchens, bathrooms, flooring, and lighting. The three existing units are currently rented for a total of $8, 450 per month gross. The Property also represents significant upside in the underutilized land over its three contiguous parcels totaling.60 acres. Existing preliminary architectural plans map the construction of eight additional units including one duplex (2 units) and 6 accessory dwelling units measuring 599 square feet to streamline the development process and minimize development fees for the project. The Property sits less than a mile from existing UC Davis medical facilities and Aggie Square, the state-of-the-art research and innovation center that is currently under construction. The project will bring thousands of highly-paid professionals to the neighborhood, many of which will seek well-located and upscale unit.