Beautiful Mansion Flats Fourplex Short Sale
When the seller first called to discuss selling her family’s fourplex in Mansion Flats, which is in downtown Sacramento, I could hear the emotion in her voice and suspected that selling was a difficult subject for her. I’ve had emotional attachments to properties myself and, even to this day, still ache for a home that fell into the ocean in Ventura, odd as that might sound. So, I understand sellers who have a hard time saying goodbye to their homes, even homes like this one, a place they did not live.
This is a beautiful time-standing-still Mansion Flats Victorian fourplex for sale as a short sale. Just walking around the building, you can see the love and care that went into maintaining the building over the years. The paint job still looks good. The stairs and railing are in pretty good condition. I did not go inside because we do not want to disturb the tenants until we receive final approval from Wells Fargo. We have preliminary approval on the price at $330,000.
There are two units up and two units down. The second-floor units are 748 square feet each and are 2 bedroom, 1 bath units, rented at $750 and $650. The first-floor units are 648 square feet, 1 bedroom, 1 bath units, rented at $700 each. The tenants pay electricity and gas. The seller pays for water, sewer and garbage, plus the seller gives one of the tenants a $50 a month allowance in exchange for maintaining the yard. There are no garages; the HVAC is window A/C units, and wall furnaces. Each unit has a washer and dryer. Three tenants are long-term.
There are no rent prorations / deposit credits through escrow as the buyer will be responsible for those, and the buyer will need to pay any overdue city utility bills. Call your downtown Sacramento listing agent for approximate numbers regarding this property in Mansion Flats.
DO NOT DISTURB THE TENANTS.
Inspection of units after final short sale approval from Wells Fargo. For more offer tips, call your downtown listing agent, Elizabeth Weintraub.
328 14th Street, Sacramento, CA 95814. Listed exclusively by Elizabeth Weintraub, Lyon Real Estate, as a short sale with a preapproved price by Wells Fargo of $330,000. Offers reviewed June 10th. 916.233.6759.
All information is deemed reliable but not guaranteed.