Some of the best I’ve seen in a while !!
Hey you investors… I’ve found some decent Bank Owned Duplexes that are all unique and very much worth the time to pick up – one maybe even a “flipper”
I’ve got two Bank Owned Duplexes have just come on the market and one that has been for sale for quite some time.
I have previewed all of them and have put together some information including pictures. Click the links below and you’ll pull up a PDF file with my projected income and expenses.
10414 South White Rock Rd, Rancho Cordova, Ca 95670 – 3 Bedrooms 2 Bath on each side – Court Yard entries and each unit has recent updates in the kitchens and bathrooms. Mirrored Closet Doors in the Master Bedrooms and Sliding Glass doors to the rear yards. Listed at $124,839 – I know this is going to sell for much more. These units are just about “rent ready”… The Bank knows this and this will have “multiple offers” for sure….
Other than maybe some painting and general cleanup, the only major problem I see is part of the roof system. The area over the bedrooms is a “flat top” type that is leaking in one of the back bedrooms. I estimate it can be fixed for about $7,000. I’m a part owner of a duplex with a configuration like this and that is what it cost us about 2 years ago for the same problem.
I like Rancho Cordova…It’s a sleeper area with a commitment to community preservation. Lots of new construction going on around this area. Elementary school is just down the street.
Here’s my attempt to do a “video”.. Click the links below to see video of each side.
6335 Sorrell Court, Citrus Heights, Ca 95621 – This is a nicely located Duplex on a Cul-de-Sac street that is right off of Zenith and Antelope Roads. Neighborhood shopping is very close by along with access to Hwy 80. Great commute location for either Roseville/Rocklin or Sacramento. I’ve run the comparables and they go for about $175,000 in this area.
The back yards are huge with little or no landscaping… I think this is one area many investors put a low priority on. Some landscaping here would be a great inhancement for this property. Inside…? They aren’t bad.. paint.. carpet.. cleanup.. = Rent Ready… Roof is good shape…
Here’s an old favorite below here that has been on the market for a long time… it’s been in and out of escrow I think a couple of times. It has my special “designation”…. a “Beater”… in other words… a Fixer upper… Check it out…!!
5006 Sunshine Lane, Sacramento, Ca 95841 – I’ve seen this one inside and it’s in need of some TLC as they say. It’s Listed at $134,900 but I have the cash flow analysis at $115,000. That’s what it should and probably would go for if some one came in with an all cash offer. I estimate it would take about $20,000 to really fix this up nicely. It’s in a great location.. kind of unique.. and it’s just around the corner from American River College.
I’ve got more coming.. come back later…
In the mean time…?
MAKE IT A GREAT DAY