Two-Story Corner Lot
8799 Mohamed Circle Elk Grove, CA 95624
8799 Mohamed Circle, Elk Grove, CA, 95624
$865,000
For Sale
$865,000
Large two-story duplex on a corner lot with two 3-bedroom units and a yard on one side.
Property Size3,108 SF
Price / SF$278.31
Days on Market54
Property Features for 8799 Mohamed Circle
General Information
- Standard status
- Active
- Size
- 3,108 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1990
Listing agency
S & S Realty
(916) 825-5261
Listed by
Burton T. Leitzell · License #01860357
(916) 825-5261
Source
Exitrealty
Added: May 29 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 4:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of S & S Realty
Investment Insights
Based on property information with market context.
This two-story duplex sits on a corner lot and offers two separate units, each with 3 bedrooms and 2.5 bathrooms. Each side is described as just over 1,550 square feet, providing a well-sized residential layout for rental use.
One unit includes a larger yard that wraps around the home. The property is noted as being close to shopping in Old Town Elk Grove, with both a Jr high school and Sr high school nearby.
The asset is presented as a rental investment for sale, with both sides configured similarly for income-producing occupancy.
One unit includes a larger yard that wraps around the home. The property is noted as being close to shopping in Old Town Elk Grove, with both a Jr high school and Sr high school nearby.
The asset is presented as a rental investment for sale, with both sides configured similarly for income-producing occupancy.
Key Highlights
- Large 2‑story duplex on a corner lot, built in 1990
- Two units with matching layouts: 3 bed/2.5 bath each
- Each side offers just over 1,550 sq ft per unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $14.04 |
| − Vacancy | −$2.1k | −$0.67 |
| EGI | $41.6k | $13.37 |
| − OpEx | −$12.5k | −$4.01 |
| NOI | $29.1k | $9.36 |
3,108 SF · lease $14.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.6K
$363.7K – $484.9K
NOI $29,095 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$381.4K
$333.7K – $445.0K
NOI $26,697 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$776.8K
$679.7K – $906.3K
NOI $54,377 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Large two-story duplex on a corner lot with two 3-bedroom units and a yard on one side.
Where is this duplex located?
The property is located at 8799 Mohamed Circle Elk Grove, CA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Large 2‑story duplex on a corner lot, built in 1990; Two units with matching layouts: 3 bed/2.5 bath each; Each side offers just over 1,550 sq ft per unit
