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8280 Florintown Way, Sacramento, CA 95828, Sacramento, 95828 - 3 bed, 2 bath

8280 Florintown Way, Sacramento, CA 95828 home-pic-0
ACTIVE$395,000
8280 Florintown Way, Sacramento, CA 95828
3Beds
2Baths
1,385Sqft
6,299Lot

Price Vs. Estimate

The estimated value ($420,330.485) is $25,330.485 (6%) higher than the list price ($395,000). This property may be underpriced.

Key pros and cons

Top Pros:
Strong Investment Potential: The property is explicitly marketed as a 'fantastic investment opportunity' with an existing tenant on a flexible month-to-month lease, providing immediate income generation.
Top Cons:
Original Condition: The home is described as 'mostly in its original condition,' indicating that significant updates and renovations may be required to modernize the property and maximize its value.

Compared to the nearby listings

Price:$395.0K vs avg $442.0K ($-47,000)38%
Size:1,385 sqft vs avg 1,525 sqft40%
Price/sqft:$285 vs avg $28351%

More Insights

Built in 1980 (45 years old).
Condition: Built in 1980, this property is described as being 'mostly in its original condition.' While stated as 'well-maintained' and meeting 'habitability standards,' this age and lack of renovation strongly indicate that the kitchen, bathrooms, appliances, and fixtures are significantly outdated in style and functionality. The exterior images confirm a dated aesthetic. It requires substantial updates to modernize, aligning with the 'Fair' criteria where major components are functional but show signs of being outdated, and minor updates or repairs are needed.
Year Built
1980
Close
-
List price
$395K
Original List price
-
Price/Sqft
$285
HOA
$0
Days on market
-
Sold On
-
MLS number
225126441
Home ConditionFair
Features
View-

About this home

Introducing 8280 Florintown Way, a well-maintained 3-bedroom, 2-bathroom home offering 1385 square feet of comfortable living space. Currently tenant occupied with a flexible month-to-month lease, this property presents a fantastic investment opportunity for savvy buyers looking to expand their portfolio. While this home remains (mostly) in its original condition, the home is professionally managed by a property management company, ensures the home meets all habitability standards and is up to date with annual inspections. This removes any potential landlord headaches, offering peace of mind and a hassle free investment. The property can be purchased as a stand alone investment or as part of a package deal with the neighboring property at 8284 Florintown Way, amplifying your investment potential. Both properties boast a desirable location and represent a valuable opportunity of future growth potential. Don't miss the opportunity to acquire a solid, income generating property with the added flexibility of acquiring two adjacent homes!

Nearby schools

4/10
Florin Elementary School
Public,•K-6•0.2mi
6/10
Marion Mix Elementary
Public,•K-6•5.2mi
2/10
James Rutter Middle School
Public,•7-8•0.8mi
4/10
Florin High School
Public,•9-12•1.8mi
Condition Rating
Fair
Built in 1980, this property is described as being 'mostly in its original condition.' While stated as 'well-maintained' and meeting 'habitability standards,' this age and lack of renovation strongly indicate that the kitchen, bathrooms, appliances, and fixtures are significantly outdated in style and functionality. The exterior images confirm a dated aesthetic. It requires substantial updates to modernize, aligning with the 'Fair' criteria where major components are functional but show signs of being outdated, and minor updates or repairs are needed.
Pros & Cons

Pros

Strong Investment Potential: The property is explicitly marketed as a 'fantastic investment opportunity' with an existing tenant on a flexible month-to-month lease, providing immediate income generation.
Professional Property Management: The home is professionally managed, ensuring habitability standards, annual inspections, and reducing potential landlord headaches for investors.
Portfolio Expansion Opportunity: The option to purchase this property as part of a package deal with the neighboring property (8284 Florintown Way) offers amplified investment potential.
Listed Below Estimated Value: The current list price of $395,000 is below the estimated property value of $420,330.485, suggesting potential for immediate equity or a favorable acquisition price.
Flexible Lease Term: The month-to-month lease offers flexibility for a new owner, whether they intend to continue renting or eventually occupy the property.

Cons

Original Condition: The home is described as 'mostly in its original condition,' indicating that significant updates and renovations may be required to modernize the property and maximize its value.
Lower School Ratings: Nearby schools, particularly James Rutter Middle School (rating 2) and Florin Elementary/High (rating 4), may be a deterrent for owner-occupant buyers prioritizing top-rated public education.
Tenant Occupied for Owner-Occupants: While beneficial for investors, the existing tenancy could pose a challenge for buyers who wish to occupy the home immediately, requiring adherence to tenant rights and notice periods.

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