Exceptional investment opportunity in Sacramento's desirable Northrop Estates neighborhood. This McKeon-built fourplex sits on one of the larger lots on Carro Drive and delivers a fully remodeled, stabilized asset with income already performing above market. The unit mix; two 2BD/1BA townhomes, one 1BD/1BA townhome, and one spacious 3BD/1.5BA upstairs unit, provides natural rent diversification and broad tenant appeal. All four units have been fully remodeled by the current owner, significantly reducing near-term capital expenditure risk for the new owner. Three of the four units are currently leased above market, reflecting the quality of the renovations and the strength of the tenant base. Current gross rent is $7,150/month with all units occupied by reliable, long-term tenants. Additional features include covered garage parking for all four units, a generous lot with room in the rear, and a fireplace in the ground-floor unit. The property is professionally managed with four active leases in place.
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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821 Carro Dr, Sacramento, CA 95825.
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