These Rarely Come On the Market
This duplex is on a nice little street over in Carmichael that has an older tree lined country street feel with no sidewalks leading into this newer area that does have sidewalks, curbs and gutters. Not much traffic goes back in here.
If you are looking for a unique type property that you can hold onto and that will hold it’s value, this would be the street. Cash Flow is not that great on paper, however you will have an easy time finding great tenants that will want to live here.
Click Here for a Flyer that has the cash flow numbers. You will notice that even though this is listed at $193,050 that I calculated a cash flow based upon a price over $200,000 because this property will sell for something in the $220,000 to $230,000. There will be “multiple offers” on this one.
For some Palm Videos that I took today about 11:00 AM see the links below.
Right Side of the Duplex
Left Side of the Duplex
Make it a great day
Ed Favinger on Facebook
That Madison Avenue Duplex I Profiled is a ”Pending Sale”…!
Yea… It doesn’t matter if it’s priced right. If you go to my blog post of October 15th, you’ll see all the information including a Palm Video that recorded how loud the street noise was when you are standing outside.
Take a look if you haven’t seen it yet. Just scroll down a bit.
Make it a Great Day…!
Yea It’s Next to a Busy Street – But Fix It Up – Show it off to Thousands of Cars Everyday
I drove by this one located at 7107 Madison Avenue, Citrus Heights because I knew this was one of a few duplexes along this main artery that was located on the “frontage road”. The frontage road itself does not have much traffic. I was out there for about 10 minutes and only one car drove by and that was about 1PM today.
It also borders a Single Family Neighborhood. The only bad thing….? That’s right…! It’s on a very busy and yes… it’s a pretty noisy street after the light turns green at the corner of San Juan and Madison.
The place needs to have someone trim the trees in front so you can see it. That’s why the pictures on the flyer didn’t turn out well.
I have Palm Videos of the exterior and each side. You’ll get an idea of how loud it is and the contrast when you go inside.
Exterior and Left Side
Exterior and Right Side
Make it a great day…!!!!!
Multiple Offers In a Recession.? You Kidding…? Read On….
You’ve heard though the Main Stream Media that we are in a recession “nationally” and if you didn’t know, the most recent report regarding unemployment in the Sacramento Region pegs us at 12.3%
Most of us in the real estate business know that there is a lot of money looking for a home…especially… in the investment real estate sector.
Would you believe that 50% of the 171 Closed Transactions in the 3rd Quarter 2009 were all Cash deals with no financing involved..? Check out the stats below here.
Cash Deals 85 49.707%
Conventional Financing – Min. 25% Down 61
FHA – Owner Occupied – Min. 3.5% Down 11
Other 14
Total Closed Sales 3rd Quarter – 2009 171
Not only is Cash king here, on top of that prices are not coming down. The Average List Price to Sales Price Ratio these 171 closed escrows came in at 102.33% during this time period.
I’ve provided some of the hard data, such as the Address, List Price, Sales Price, Year Built, Days on Market, etc in the link below. I hope you find it useful and informative.
DUPELX – FOUR PLEX CLOSED SALES DATA FOR THE PERIOD OF JULY 1, 2009 – SEPTEMBER 30, 2009
If you would like a more detailed report or have some interest in a particular property just drop a note my way by clicking here.
MAKE IT A GREAT DAY….!
