We are pleased to present 3035 Connie Drive, a 4-unit multifamily community located in Sacramento that currently grosses $3,700 a month. The property is situated on a 0.21-acre lot, which may allow room for two additional ADU's. This property offers 2,856 square feet of rentable living space that was constructed in 1963. Featuring an attractive unit mix comprised solely of 2-bedroom/1-bathroom units, this property offers tenants a generously spaced living environment, with convenient off-street parking and a large backyard, the property offers an opportunity for future development. Three of the units are $900/month (month-to-month), and one unit is $1,000/month (month-to-month). The rents are currently 58% lower than the market rates, presenting an excellent opportunity for an investor seeking a property with a favorable unit mix to add significant value. Located minutes away from Downtown Sacramento and near the Capital City Freeway (I-80), North Sacramento offers a fantastic location, granting residents easy access to diverse amenities, including dining, entertainment, historic landmarks, vibrant nightlife, cultural events, shopping, parks, educational institutions, and the historic charm of Old Sacramento.
Property Type :
ResidentialIncome
County :
Sacramento
Style :
ResidentialIncome
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ByOwner last updated this listing 05/20/2024 @ 17:28
MLS: 224013185
LISTED BY: Matthew Sarro, Collier's International CA, Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
