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Kelly Pleasant

kelly@pleasantrealestategroup.com +1(916) 743-0844

$ 825,000

Est. payment | -/mo

3,561 SqFt

Save

$ 825,000

Est. payment | -/mo

Save

3,561 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,561 sqft

Price per Sqft $231

Subdivision Northrop Estates

MLS Listing ID 226085250

HOA Y/N No

Year Built 1964

Lot Size 8,559 Sqft

Acres 0.1965

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

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 caliber 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 ample space in the rear, and a fireplace in the ground-floor unit a sought-after feature in this product type that tenants love. The property is professionally managed with four active leases in place. The location speaks for itself. Situated minutes from Sacramento State University, the American River Parkway trail system, Campus Commons Golf Course, and the vibrant mix of restaurants and shops along the corridor in between this is the kind of address that attracts quality tenants and holds value through any market cycle. A true turnkey hold for the discerning investor.

Location

State CA

County Sacramento

Area 10825

Direction From Fulton Ave, West on Northrop Ave, Left on Carro Drive, to address.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 750 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1825 SqFt Source: Not Measured Unit-2 Approx SqFt: 750 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1675 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 750 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1345 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 800 Bedrooms: 3 Full Baths: 1 Partial Baths: 1 Occupancy: Tenant Rent: 2355 SqFt Source: Not Measured

Interior

Heating Central

Cooling Ceiling Fan(s), Central, Wall Unit(s)

Flooring Carpet, Tile, Laminate

Appliance Dishwasher, Free Standing Electric Range

Laundry Coin Operated, Washer/Dryer Leased

Exterior

Parking Features Attached, Off Street, Street, Garage

Garage Spaces 4.0

Utilities Available Sewer In & Connected, Electric, Natural Gas Connected

Water Access Desc Water District

Roof Type Composition

Topography Level

Total Parking Spaces 4

Building

Lot Description Auto Sprinkler F&R

Story 2

Foundation Concrete, Slab

Sewer Public Sewer

Water Water District

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 294-0021-004-0000

Special Listing Condition None

Listed by Grow Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

821 Carro DR Sacramento, CA 95825

Kelly Pleasant

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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821 Carro DR