821 Carro Drive, Sacramento, CA 95825

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.