pending

2612 Connie Drive, Sacramento, CA 95815

2612 Connie Drive, Sacramento, Sacramento, CA, 95815
3 weeks ago
Views: 4

$1,015,000(Negotiable)

Overview

1620456

Type

5 or More Units

Parking

Yes

Sqft

4326

Build Year

1953

Purpose

For Sale

About This Listing

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.

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MetroList CA data Last Updated: August 26, 2025, 11:17 pm

Data Source: SACM