Strong investment opportunity in Sacramento's sought-after Northrop Estates neighborhood. This classic McKeon-built fourplex sits on a quiet stretch of Carro Drive 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 maintenance and landscaping costs low year-round. Additional features include covered garage parking for all four units and a fireplace in the ground-floor unit. The property is professionally managed and currently fully occupied with reliable, long-term tenants generating $6,539/month in gross rent.
Listed By
Agency Name: Grow Properties
Agent Name: Jeffrey Groves
Agency Phone: 916-452-4679
Presented By
Agency Title: Chase International Real Estate
Agency Phone: 775.588.6130
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805 Carro Dr, Sacramento, CA 95825.
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