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Bryan Powell

[email protected] +1(916) 521-4687

$ 1,015,000

Est. payment -/mo

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Price Dropped by $80K

2612 Connie DR Sacramento, CA 95815

4,326 SqFt

UPDATED:

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

HOA Y/N No

Year Built 1953

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type 5 or More Units

Source MLS Metrolist

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

Direction El Camino Ave to Connie Dr

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

Water Access Desc Water District

Roof Type Composition,Tar/Gravel,Flat

Porch Balcony/Deck

Total Parking Spaces 7

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

Senior Community No

Tax ID 266-0332-007-0000

Special Listing Condition Offer As Is

Listed by Realty ONE Group Complete

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

2612 Connie DR Sacramento, CA 95815

Key Details

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2612 Connie DR