2612 Connie DR Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95815
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,326 sqft
Price per Sqft $234
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
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 Other
Roof Type Composition,Tar/Gravel,Flat
Building
Lot Description None
Story 2
Foundation Raised
Sewer In & Connected
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