Bank Owned Fixer Upper Duplex in Citrus Heights…!

I like the location but it will take some work and imagination

 ______________________________

I ran across this Duplex located at 6553-6555 Mauana, Citrus Heights when I noticed that the listing agent had reduced the price by $25,000 down to $200,000.   I think it’s still overpriced because of it’s condition, but in this market who knows for sure.

I have estimated that to do this right you’d need about $45,000 in fix up, but that will mean you will wind up with new kitchens, bathrooms, paint etc.

After the fix up, if you could buy this property at that price it would still have a decent cash flow given the current market.  Click Here to see the Proforma Cash figures for 6553-6555 Mauana, Citrus Heights

Take a peek at the short walk through video here below.  Let me know what you think.

 

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE      916-203-1260    favinger@rwnetwork.com

 

Enhanced by Zemanta

Leave a Reply

Your email address will not be published. Required fields are marked *

Bot Detection: What year was the year before last year?