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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$475,000

Est. payment - /mo

1,614 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,614 sqft

Price per Sqft $294

MLS Listing ID 226102521

HOA Y/N No

Year Built 1958

Lot Size 6,760 Sqft

Acres 0.1552

Lot Dimensions 59x119

Property Sub-Type Duplex

Source MLS Metrolist

Property Description

If you're looking for a Sacramento-area duplex light fixer with some meat on the bone for a fix-and-hold investment, this one is worth a closer look. The property is priced $25,000 below the lowest recent closed sale and nearly $100,000 below a recent comparable sale that had been fully optimized. That creates an opportunity to improve the property and potentially build equity rather than paying a premium for someone else's improvements. A whole-house inspection and pest inspection have already been completed, so you can get a good understanding of the property's condition upfront. Both units are 2-bedroom, 1-bathroom units with one-car garages. One unit was recently updated and is currently rented for $1,650 per month. The other has a long-term tenant paying $1,150 per month, leaving room for a future rent increase. Once updated, we believe the market rent for that unit should be close to the $1,650 currently being achieved by the renovated unit. Both units also feature covered rear patios and large private backyards. For an investor looking for a duplex with existing income, some upside in the rents, and the opportunity to add value through improvements, this property has several things working in its favor.

Location

State CA

County Sacramento

Area 10660

Direction From Hwy 80 Take Elkhorn Blvd to address. Turn left onto Cantel then a quick right onto the Side street that the property is located on.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 807 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1650 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 807 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1150 SqFt Source: Not Measured

Interior

Heating Oil, Propane, Natural Gas

Cooling Wall Unit(s), Window Unit(s)

Flooring Carpet, Tile, Laminate

Window Features Window Screens

Appliance Free Standing Electric Oven

Laundry In Each Unit, Washer/Dryer Hookups

Exterior

Parking Features Attached, Garage

Garage Spaces 2.0

Utilities Available Sewer Connected, Electric, Natural Gas Connected

Water Access Desc Public

View City

Roof Type Composition

Topography Level

Porch Covered Patio

Total Parking Spaces 4

Building

Lot Description Shape Regular, Curbs/Gutters

Story 1

Foundation Combination, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Schools

Elementary Schools Twin Rivers Unified

Middle Schools Twin Rivers Unified

High Schools Twin Rivers Unified

School District Sacramento

Others

Senior Community No

Tax ID 200-0231-029-0000

Special Listing Condition None

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Listed by LPT Realty, Inc

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

3620 Elkhorn BLVD North Highlands, CA 95660

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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