905 Carro Drive, Sacramento, CA 95825, Sacramento, 95825 - 8 bed, bath
ACTIVE$899,000$3,513/sqft
905 Carro Drive, Sacramento, CA 95825
8Beds
0Bath
3,513Sqft
7,310Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: The property is explicitly marketed as a strong income-producing asset with an estimated Net Operating Income of $53,894, indicating excellent cash flow for investors.
Top Cons:
Property Age: Built in 1963, the property is over 60 years old. While upgrades are noted, the underlying structure and non-upgraded components may require significant capital expenditures in the long term.
Compared to the nearby listings
Price:$899.0K vs avg $519.5K (+$379,500)83%
Size:3,513 sqft vs avg 1,729 sqft83%
Price/sqft:$256 vs avg $12667%
More Insights
Built in 1963 (63 years old).
Condition: Despite being built in 1963, the property has undergone significant recent updates. The description notes 'New copper plumbing,' 'Double-pane windows,' and 'Central A/C' (though some window units are visible in interior photos, suggesting a mix or partial central A/C). The interior images show freshly painted walls, new-looking laminate wood flooring throughout, and recently updated kitchens with basic white cabinets and new laminate countertops. These updates make the units move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1963
Close
-
List price
$899K
Original List price
-
Price/Sqft
$256
HOA
$0
Days on market
-
Sold On
-
MLS number
ML82026551
Home ConditionGood
Features
View-
About this home
Welcome to a prime investment or owner-use opportunity in Northrup Estates. Great condition property with great cash flow. Estimated Net Operating Income: $53,894. (4) 2 Bed/ 1 Bath units. Attached garages plus additional uncovered parking. Bright living and dining areas. Double-pane windows. New copper plumbing. Central A/C. Separate electric, gas and water meters. No HOA. Just under 4 miles from CSU Sacramento and convenient access to downtown, the American River, shopping, dining, and major highways. Strong income-producing property in a sought-after location.
D
David Lillo
Listing Agent
Price History
Date
Event
Price
11/16/23
Sold
$775,000
02/16/17
Sold
$410,000
08/01/11
Sold
$200,000
Condition Rating
Good
Despite being built in 1963, the property has undergone significant recent updates. The description notes 'New copper plumbing,' 'Double-pane windows,' and 'Central A/C' (though some window units are visible in interior photos, suggesting a mix or partial central A/C). The interior images show freshly painted walls, new-looking laminate wood flooring throughout, and recently updated kitchens with basic white cabinets and new laminate countertops. These updates make the units move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly marketed as a strong income-producing asset with an estimated Net Operating Income of $53,894, indicating excellent cash flow for investors.
Multi-Unit Configuration: Comprising four 2-bedroom, 1-bathroom units, this quadruplex offers diversified rental income streams and a significant investment opportunity.
Prime Location: Situated in Northrup Estates, the property boasts convenient access to CSU Sacramento, downtown, the American River, shopping, dining, and major highways, enhancing tenant appeal and demand.
Recent System Upgrades: Key improvements such as double-pane windows, new copper plumbing, central A/C, and separate electric, gas, and water meters reduce future capital expenditures and increase tenant comfort.
No HOA Fees: The absence of an HOA means no additional monthly fees or restrictive rules, maximizing net operating income and providing greater flexibility for the owner.
Cons
Property Age: Built in 1963, the property is over 60 years old. While upgrades are noted, the underlying structure and non-upgraded components may require significant capital expenditures in the long term.
Unit Bathroom Count: All four units are configured as 2 bedrooms with only 1 bathroom, which might be less desirable for some tenants compared to units offering multiple bathrooms, potentially limiting rental rates or tenant pool.
Limited Private Outdoor Space: For a quadruplex on a 7,310 sqft lot, individual units may have minimal private outdoor space, which could be a drawback for tenants seeking more personal outdoor amenities.