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1422 Drake DR Davis, CA 95616
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222092828
Year Built 1969
Lot Size 8,525 Sqft
Property Description
1422 Drake Dr is an opportunity to acquire (4) units comprised of two and three bedroom townhouse style floor plans in Davis, CA, one of the strongest rental markets in the country. The property is comprised of (2) three-bedroom one and one-half-bathroom townhouses and (2) two-bedroom one-bathroom townhouses, all boasting size-able square footage. The property has undergone recent improvements including new dual pane windows, HVAC, & hot water heaters. This opportunity presents the savvy investor with the infrequent opportunity to own in a market with low transaction velocity, strict inventory growth restrictions imposed by the city, and high demand from the ever increasing enrollment at UC Davis resulting in less than 2% average vacancy through the last decade.
Location
State CA
County Yolo
Area 11401
Interior
Heating Central, Hot Water
Cooling Central
Flooring Carpet, Simulated Wood, Tile
Laundry In Common Area
Exterior
Garage Off Street, Guest Parking Available
Utilities Available Other
Roof Type Flat
Building
Lot Description Curbs/Gutters
Story 2
Foundation Slab
Sewer Other
Water Other
Schools
Elementary Schools Davis Unified
Middle Schools Davis Unified
High Schools Davis Unified
School District Yolo
Others
Special Listing Condition Offer As Is
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Bought with Lyon RE Davis