Strong investment opportunity in one of Sacramento's most desirable income property neighborhoods. This classic McKeon-built fourplex sits on a quiet stretch of Carro Drive in Northrop Estates and offers an ideal unit mix two 2BD/1BA townhomes, one 1BD/1BA townhome, and one spacious 3BD/1.5BA upstairs unit providing natural rent diversification and broad tenant appeal. Three of four units have been fully remodeled by the current owner. The one remaining 1BD/1BA unit represents a straightforward value-add opportunity: renovate at turnover and bring it in line with updated market rents in the $1,300-$1,400 range. The largely paved exterior keeps landscaping and maintenance costs low and the property looking clean year-round a practical advantage that carries through every season. Additional features include covered garage parking for all four units and a cozy fireplace in the ground-floor unit. The location is a genuine asset. The property sits minutes from Sacramento State University, the American River Parkway trail system, Campus Commons Golf Course, and the restaurants and shops along the corridor in between a combination that draws quality tenants and keeps vacancy low. The property is professionally managed and currently 100% occupied with reliable, long-term tenants generating $6,539/month in gross rent. An ideal value-add or stabilized hold for the discerning investor.
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Zillow last checked:
Listing updated:
Listed by:
Kyle GrovesDRE #01720537916-214-2082,
Grow Properties
Source: MetroList Services of CA,MLS#: 226085039Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Full bathrooms: 4
Partial bathrooms: 1
Heating
Central
Cooling
Ceiling Fan(s), Central Air, Wall Unit(s)
Appliances
Included: Dishwasher, Free-Standing Electric Range
Laundry: Coin Operated, Common Area
Features
Flooring: Carpet, Tile, Laminate
Has fireplace: No
Interior area
Total structure area: 0
Total interior livable area: 3,612 sqft
Property
Parking
Total spaces: 4
Parking features: Attached, Off Street, On Street, Garage, Garage Door Opener
Attached garage spaces: 4
Features
Levels: Two
Stories: 2
Lot
Size: 8,263 Square Feet
Features: Auto Sprinkler F&R
Topography: Level,Level
Details
Parcel number: 29400210080000
Zoning: RD-20
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Materials
Brick Veneer, Stucco, Wood
Foundation: Slab, Concrete
Roof: Composition
Condition
Year built: 1964
Details
Builder name: McKeon
Utilities & green energy
Sewer: Public Sewer
Water: Water District, Public
Utilities for property: Cable Available, Sewer In & Connected, Electric, Natural Gas Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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