2612 Connie Dr Sacramento, CA 95815
Swanston Estates NeighborhoodEstimated payment $5,710/month
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Balcony
- Coin Laundry
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,625
Year Built
- Built in 1953
Home Design
- Flat Roof Shape
- Raised Foundation
- Tar and Gravel Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,326 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Flooring
- Carpet
- Linoleum
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 7 Parking Spaces
- Uncovered Parking
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Property is located within a water district
Additional Features
- Balcony
- 10,454 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 266-0332-007-0000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Amenities
- Coin Laundry
Building Details
- 8 Leased Units
- 8 Units Leased Month-To-Month
- Insurance Expense $8,709
- Maintenance Expense $6,000
- Professional Management Expense $8,253
- Operating Expense $46,186
- Net Operating Income $71,714
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $1,015,000 | -7.3% | $235 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $1,095,000 | 0.0% | $253 / Sq Ft |
| 05/08/2025 05/08/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $1,095,000 | -- | $253 / Sq Ft |
Source: MetroList
MLS Number: 225025366
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