I was at this property yesterday, located at 2300 Imran Drive and took a video of the 3 bedroom side. As you see this unit is located right on the corner of Imran and Bell Street. I love “corner lots” because you can do a lot with them.
I have, in the past, profiled the Bank Owned/REO Duplex across the street that faces Bell Street. If you go to “Ed’s Hot Picks page and scroll down until you find 1000 Bell Street, you’ll get the information on it along with a video of both sides and you’ll see the Imran duplex in the background.
Imran Drive is Short Sale which, until very recently, had a Pending Sale waiting for the Bank to approve it. As is in many of the Short Sales, the buyer got tired of waiting for that approval and was still out looking for other property.
In this case, time went by and that Buyer did find something else they liked better and that they could close on now, according to the listing agent.
For a Pro-Forma Cash Flow Analysis of 2300 Imran Drive, Click Here. I’m estimating the rents for the 3 bedroom side at $1,150.00. When you look at the video, you’ll see that it’s not in bad condition and that the back yard has some potential to be a nice spot. Go here for the video of the right side.
Here’s another Short Sale Duplex in a nice area that I profiled a while back. It’s “back on the market”.
The property is located at 7130-7132 Grady Drive, Citrus Heights, Ca 95621. Click here for a “pro-forma” cash flow analysis. Keep in mind that these figues do not include the cost of a new roof, but even if it cost $10,000 to replace it, in my opinion, this would still be a decent deal in today’s market. Click here for a Map Link to show you the major intersection that is nearby. The City of Citrus Heights city hall, police station and lots of shopping are located about a mile away if that.
If you have questions on any of the properties I have profiled, drop me a note or call.
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR firstname.lastname@example.org 916-203-1260
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