3061 Kroy Way, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath

3061 Kroy Way, Sacramento, CA 95820 home-pic-0
ACTIVE$698,000
3061 Kroy Way, Sacramento, CA 95820
3Beds
2Baths
2,057Sqft
8,276Lot
Year Built
1940
Close
-
List price
$698K
Original List price
-
Price/Sqft
$339
HOA
$0
Days on market
-
Sold On
-
MLS number
225043532
Home ConditionFair
Features
Deck
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $698.0K(99th), sqft - 2057(98th), beds - 3(50th), baths - 2(63th).

Welcome to 3061 Kroy Way- featuring two great homes and a great opportunity for investors or owner-occupants. Located minutes from UC Davis Medical Center and Sacramento State University, this property offers a perfect opportunity for rental income or comfortable living with rental potential. Whether you're an investor seeking rental income or an owner-occupant looking for a multi-unit property, this property is an incredible opportunity. Come see it today!

Price History

Date
Event
Price
04/09/25
Price Change
$698,000
01/24/00
Sold
$96,000
Condition Rating
Fair

Built in 1940, this property shows signs of age and dated styles, particularly in the kitchen with its traditional wood cabinets, older laminate countertops, and patterned linoleum flooring, despite having updated stainless steel appliances. The living room features older tile, and one bedroom has wood paneling and dated flooring. While the property appears maintained and functional, the lack of recent comprehensive renovations and the presence of outdated elements in key areas indicate it requires minor to moderate updates to meet current aesthetic and functional standards. The property analysis also notes the likelihood of older systems requiring future investment, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 2057.
Multi-Unit Configuration: The property features 'two great homes,' providing an excellent opportunity for dual rental income streams or flexible multi-generational living arrangements.
Strategic Location: Located minutes from UC Davis Medical Center and Sacramento State University, ensuring a strong and consistent tenant pool of students, faculty, and medical professionals.
High Investment Potential: Explicitly marketed as a 'perfect opportunity for rental income' and an 'incredible opportunity' for investors seeking cash flow and long-term appreciation.
Owner-Occupant Flexibility: Offers the unique benefit for owner-occupants to live in one unit while renting out the other, significantly offsetting mortgage costs.
Generous Property Size: With 2057 sqft of living space and an 8276 sqft lot, the property offers substantial space, potentially allowing for comfortable living and outdoor amenities.

Cons

Age of Construction: Built in 1940, the property is likely to have older systems (plumbing, electrical, HVAC) and structural components that may require significant capital investment for updates or repairs.
Lack of Specific Updates: The description does not detail any recent renovations or major system upgrades, suggesting potential deferred maintenance or the need for modernization to meet current market expectations.
Increased Management Complexity: Managing two separate units can be more demanding than a single-family home, potentially requiring more time, effort, or the cost of professional property management.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state