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7240 Rio Linda BLVD Rio Linda, CA 95673
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223114834
Year Built 1940
Lot Size 3.000 Acres
Property Description
This very rare and unique property has multiple split options and seller back financing (competitive rate) with right offer.Perfect for the right investor including 1031 exchange. This is a 3 acre parcel that is zoned RD-5 (5 units per acre and zoned to be split up to 15 houses.) There is a current Use Permit for a cluster development. 6 Units. This use permit was just verified by the county to have no ending date and can be expandable. SEE ATTACHMENTS. There are currently 6 units on the property. Three houses are currently occupied and have some updates and are permitted. There is an unoccupied triplex that needs repair. Property backs to the Rio Linda/Elverta bike trail (Part of the American River bike trails) Quiet, friendly Rio Linda location close to shopping, parks, schools and freeways. Please feel free to contact agent with any questions.
Location
State CA
County Sacramento
Area 10673
Interior
Heating Ductless, Electric, Varies by Unit, See Remarks
Cooling Separate, Ductless, Varies by Unit, See Remarks
Flooring Carpet, Tile, Laminate, Linoleum, Varies by Unit
Laundry In Each Unit, Varies by Unit
Exterior
Exterior Feature Fenced Yard, Yard Space, Play Area
Garage Boat Storage, RV Storage, Guest Parking Available
Utilities Available Cable Available, Natural Gas Connected, City, Electric
Roof Type Composition
Building
Lot Description Shape Regular
Story 1
Foundation Raised, Slab
Sewer Septic System, Sewer in Street, Septic Connected
Water Abandoned Well, Water District, Public
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Special Listing Condition None
Read Less
Bought with Alta Group Realty
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