805 Carro Drive, Sacramento, CA 95825

Property Description

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.