Interesting Prospects – One is a typical Duplex that exist here in the Sacramento Region and the other could be something special..!
Lets start here with the “Short Sale” Duplex located at 8148 Deseret Avenue, Fair Oaks, Ca. It’s in an area of Duplexes very near the Sunrise Market Place in Citrus Heights.
This Duplex is a 2 Bed/2 Bath/2 Car Garage and a 2 Bed/1 Bath/1 Car Garage configuration.
We are currently in escrow with a Duplex located on the cross street for Deseret and it should close in the next couple of days at just a smidge over $190,000. This means this duplex might be a decent deal at it’s list price of $180,000. I was not able to get inside because the units are occupied, but I did take some exterior pictures. I also created a “pro-forma” cash flow analysis for your review. Click Here for that.
The Bank Owned/REO Duplex is located at 6128 Oakgreen Circle, Carmichael, Ca. This one is located in a unique area of pride of ownership duplexes that have a custom feel. This property is a “one of a kind”. I don’t have numbers on it yet, but here’s a Video Walk Through that I did a couple of months ago when it was listed at almost $250,000. It’s now listed at $214,900 and I think it should sell for less given it’s condition.
I think “fixed up”..? the 3 bedroom side should rent for $1,200 – $1,300 and the 2 bedroom side should rent for $1,000 – $1,100.
I’ll have a pro-forma cash flow analysis later.
Make it a Great Day…!!!
Ed Favinger, Broker, CRS, GRI, SFR firstname.lastname@example.org 916-203-1260
- More Problems with Bank Foreclosures and Wachovia REO Homes (nowpublic.com)
- Can I buy a REO property before it is listed on the MLS? (findwell.com)