8284 Florintown, Sacramento, CA 95828, Sacramento, 95828 - 3 bed, 2 bath
ACTIVE$395,000
8284 Florintown, Sacramento, CA 95828
3Beds
2Baths
1,229Sqft
6,299Lot
Price Vs. Estimate
The estimated value ($410,435.92) is $15,435.92 (3%) higher than the list price ($395,000). This property may be underpriced.
Key pros and cons
Top Pros:
Immediate Rental Income: The property is currently tenant-occupied with a month-to-month lease, providing instant rental income for investors from the moment of acquisition.
Top Cons:
Tenant Occupancy for Owner-Occupants: While ideal for investors, the current tenant occupancy with a month-to-month lease means owner-occupant buyers cannot take immediate possession and would need to navigate tenant rights and notice periods.
Compared to the nearby listings
Price:$395.0K vs avg $442.0K ($-47,000)38%
Size:1,229 sqft vs avg 1,525 sqft30%
Price/sqft:$321 vs avg $28372%
More Insights
Built in 1980 (45 years old).
Condition: The property was built in 1980 (44 years ago) and is described as being in 'likely original condition' with no major renovations. While professionally managed and compliant with habitability standards, the age and lack of updates indicate that the kitchen, bathrooms, and other major components are functional but outdated in style and features, requiring minor updates to appeal to a broader market.
Year Built
1980
Close
-
List price
$395K
Original List price
-
Price/Sqft
$321
HOA
$0
Days on market
-
Sold On
-
MLS number
225126454
Home ConditionFair
Features
View-
About this home
Charming investment opportunity at 8284 Florintown Way, a 3-bedroom, 2-bathroom home spanning 1229 square feet of comfortable living space. This property features a beautifully manicured front yard and has been professionally managed for years, ensuring annual inspections and up to date compliance. Currently tenant occupied with a month-to-month lease, this home offers instant income for investors. For those looking to expand their portfolio, this property can be bundled with the adjacent home at 8280 Florintown Way. Another attractive addition is 1177 Athena Ave, which can also be included in the bundle, making for an attractive investment package. All properties are occupied by long term tenants, ensuing steady cash flow from the moment of acquisition.
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
The property was built in 1980 (44 years ago) and is described as being in 'likely original condition' with no major renovations. While professionally managed and compliant with habitability standards, the age and lack of updates indicate that the kitchen, bathrooms, and other major components are functional but outdated in style and features, requiring minor updates to appeal to a broader market.
Pros & Cons
Pros
Immediate Rental Income: The property is currently tenant-occupied with a month-to-month lease, providing instant rental income for investors from the moment of acquisition.
Portfolio Expansion Potential: This home can be bundled with adjacent properties (8280 Florintown Way and 1177 Athena Ave), offering an attractive opportunity for investors to expand their portfolio.
Professional Management: The property has been professionally managed for years, ensuring annual inspections and up-to-date compliance, which reduces the burden on a new landlord.
Stable Tenancy: Occupied by long-term tenants, this property ensures steady cash flow and potentially lower turnover costs for investors.
Competitive Listing Price: Listed at $395,000, the property is priced below its estimated market value of approximately $410,435, offering a potentially favorable entry point for buyers.
Cons
Tenant Occupancy for Owner-Occupants: While ideal for investors, the current tenant occupancy with a month-to-month lease means owner-occupant buyers cannot take immediate possession and would need to navigate tenant rights and notice periods.
Likely Original Condition: Built in 1980 and marketed primarily as an investment, the property is likely in its original condition (as suggested by the adjacent property's description), which may necessitate significant updates to appeal to a broader market or maximize rental value.
Lower-Rated Local Schools: Several nearby schools, including Florin Elementary (4/10), James Rutter Middle (2/10), and Florin High (4/10), have lower ratings, which could be a deterrent for families prioritizing school quality.