$995,000
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2612 Connie DR Sacramento, CA 95815
4,326 SqFt
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,326 sqft
Price per Sqft $230
MLS Listing ID 225025366
Year Built 1953
Lot Size 10,454 Sqft
Property Sub-Type 5 or More Units
Property Description
Prime 8-Unit Multifamily Investment Opportunity - Now priced at $1,015,000 with an estimated cap rate of 6.4%-7.1%, depending on buyer's ownership costs. Current expenses remain low due to legacy ownership, creating room for buyers to optimize returns with modern management. Located near I-80 on a 0.24-acre lot, this 4,326 SF property features two buildings: a front structure with a 3-bed/1-bath unit and a studio, plus a rear two-story building with six 1-bed/1-bath units (three up, three down). Unit 2 is now vacant and receiving updates, offering immediate rental upside. Gross scheduled income is $9,825/month with below-market rents throughout. Amenities include onsite parking, storage sheds, and a small laundry room. Recent improvements include a new water heater installed in May 2025 on the front house and balcony WDO clearance completed in June 2025. In-place cash flow with clear value-add potential in a convenient Sacramento location.
Location
State CA
County Sacramento
Area 10815
Rooms
Other Rooms Unit-1 Type: Apartment Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Occupancy: Tenant Rent: 1300 Unit-2 Type: Apartment Bedrooms: 1 Full Baths: 1 Occupancy: Vacant Unit-3 Type: Apartment Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 925 Unit-4 Type: Apartment Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1300
Interior
Heating Central
Cooling Central, Window Unit(s)
Flooring Carpet, Linoleum
Laundry Coin Operated, Washer/Dryer Leased, In Common Area, Washer/Dryer Owned
Exterior
Parking Features Uncovered
Utilities Available Sewer In & Connected, Other
Roof Type Composition,Tar/Gravel,Flat
Building
Lot Description None
Story 2
Foundation Raised
Water Water District
Schools
Elementary Schools Twin Rivers Unified
Middle Schools Twin Rivers Unified
High Schools Twin Rivers Unified
School District Sacramento
Others
Special Listing Condition Offer As Is
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Bought with Real Estate Source Inc
