5945 Oak Avenue

Carmichael, CA 95608

TREMENDOUS VALUE ADD OPPORTUNITY. Approved plans to complete existing three unit building with two large 3 bed 2 bath units and one 2 bed 2 bath unit across the street from Riverwood Gated Community Resort with nearby access to American River Parkway! Offering includes stamped remodel plans; approved permits (and full renderings) ready to go! The two 3 bed units have recently updated interiors and include in unit laundry and 2 car garages. The upper 3rd unit is 2 bed 2 bath with in unit laundry. There's also a 4 car covered carport. The lower floor is unfinished (not included in square footage) with potential for a junior ADU and 2 car garage subject to county approval. This is a GREAT opportunity for an owner occupant to live in one unit and finish the project using FHA 203k financing. Also great for an investor purchaser looking for their next flip or great income property in a highly desirable area. Hard to find vacant multi unit with so much potential for short; mid or long term rentals. Make it yours today!

Listing courtesy of Alexis McGee Group Inc



All measurements and all calculations of the area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify the accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. Terms of Use
Last checked 2025-08-17 02:13 AM PDT