Sacramento Duplexes For Sale – Not Much Inventory – Prices Up

Yea… There’s Not Much To Choose From, But,  Rents Are Up Too….

If you are curious about the market regarding Sacramento Duplexes for Sale, I’ve got some recent stats/graphs for you.   We’re still in a Seller’s Market and I think you’ll see the graphs below make the point.  I think they will also change a bit next month.

If you have ever read any of my past articles, I’ve always said  “A nice well maintained Duplex will sell for a pretty good price now with multiple offers”, or something to that effect.   The Duplexes that don’t sell quickly generally have these characteristics.

  • Poor or “Fair” Curb Appeal and General Appearance – Lack Pride of Ownership.
  • Rents that are lower or much lower than Market Rent.
  • Price is not reflective of the above 2 conditions.

Low Rents – Updates/Upgrades:

If you are thinking of Selling your Duplex or for that matter any kind of Rental Investment Property, you might think about upgrading/updating the property a little.

Having the same great tenants over several years time does not translate into a much better positive outcome in the sale if the rents they are paying are only about 1/2 of what the same unit would rent for today.

Generally if you aren’t keeping the rents up, you aren’t maintaining the property because you don’t have the cash flow.   Tenants know when they are getting a good deal.

However, if you are a buyer and make an offer on one of these types of properties I’m describing above, you’ll have to take into account the Updates/Upgrades you might be faced with to get the “higher rents” the Seller says you can get.

We recently were in escrow on a Rancho Cordova Duplex the Seller has owned for almost 30 years.   Both units were in need of work.   One of the units had 6  people living in a 2 bedroom 1 bath unit.   Both units were paying only $800.00 per month when the “market rate” is in the $1,300 to $1,400 range.

The deal fell through because the Buyer wanted an adjustment in the price to reflect the deferred maintenance and the low rents.   The buyer would have to get possession by giving a 60 day notice to terminate tenancy before being able to start the “rehab” process.  The unit would then be vacant for another 30 days at least.   There was too much to over come… Low Rents /Poor Condition/High Price.

Let me know what you think of these stats.

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NUMBER OF UNITS FOR SALE – SOLD- PENDING

Graphics list vs sold 6-10-19________________________________

LIST PRICE TO SALES PRICE RATIO – AVERAGE DAYS ON MARKET

List Price to Sales Price Ratio

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If you are thinking of Buying a Sacramento Duplex you want to take into account not only the condition, but the existing tenants and their current rent as well.   As long as you are aware of these issues, you’ll make a better informed decision on whether to go through the deal or not.

In the mean time…

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR  – 916.203.1260 – favinger@rwnetwork.com

Related stories

Sacramento had state’s 2nd highest rent increase. But there’s good news for tenants too Sacbee.com

Thinking about moving to Sacramento…?  SFGATE.COM

 

Sacramento Duplexes for Sale – Check Them Out Today…!

These Two are “Bread & Butter” Type Sacramento Duplexes for Sale.

 

We’ve just listed two Duplexes for sale and I thought I’d post their links here.

4909-4911 Douvan Court, Carmichael, Ca – 2 bedroom 1 bath each side with Central Heat & Air.   Great Location near schools, shopping and work centers.  Priced at $349,950.   CLICK HERE FOR MORE INFORMATION

7312-7314 Arleta Court, Sacramento, Ca – 2 bedroom 1 bath each side with Central Heat and Air.  Community Park just down the street – local schools close by and easy access to Hwy 99 commute corridor.  Priced at $369,999.   CLICK HERE FOR MORE INFORMATION.

If you are looking for a Sacramento Duplex to buy then contact me today and I’ll help find the right investment for you.

You’d like to buy but you live out of the area…?   We also offer Property Management 2nd to None.

Call me today… I’ll answer all of your questions about the Sacramento Duplex market and what kind of rents you can bring in.

In the Mean Time…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR

Related Articles:

Single Family Rents Rise – RISMEDIA.COM 4-17-19

3 Things to Consider Before Investing in a Rental Property – RealtyTimes.com 4-11-19

 

How’s the Real Estate Market…?

Foreclosures At a 20 Year Low

I get this question all the time from people asking me “how is the real estate market?”.

The short answer is, Great…!

I have some links below that will give you some insight but in the greater Sacramento Area I think it’s one of the best I’ve seen.   Why do I say that…?

Have you tried to get a contractor or handyman to fix something at a rental…?  When you’ve got contractors busy with a back log of weeks out, that’s probably one of the best signs of a great real estate market.

 

Click Here for an article regards the low Foreclosure Rate.

And if you’re an investor curious about rents, click here for that article.

Aerial shot of Folsom, California with Folsom Lake in background.
Aerial shot of Folsom, California with Folsom Lake in background.

If you’re thinking of getting into the market for a new home or you are an investor looking to purchase your first rental property or you want to add to your portfolio, please call/text or email me at anytime.

 

Looking for a Duplex to buy…?   I’ve got one that you should take a peek at.   Click Here for the information on this Bread and Butter Property waiting for you.

 

 

In the Mean Time…?  Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR    916.203.1260   favinger@rwnetwork.com

 

New Laws for 2019 – If You Are An Investor – Pay Attention

State of California Always Adding New Laws – Catch Up by Reading Below.

I receive an email newsletter from time to time from the BPE Law Group.   Every year we get a slew of new legislation out of the State.   You just have to keep up or you’ll be in trouble when it comes to owning Rental Real Estate.Desert road

I thought I’d share BPE’S most recent article with you.

I think you can sign up for their updates as well by emailing them at:

kbdunnagan@bpelaw.com.

 

CLICK HERE FOR A COPY OF THEIR MOST RECENT ARTICLE.

If you are looking for an Investment Property like a Duplex, a Four-plex, a small Apartment complex or even a Single Family home, please call or you can send a text to me at anytime at 916-203-1260.

We specialize in the Sales and Management of Sacramento Residential Investment Properties.

Make it a Great Day…

Ed Favinger, Broker, 916-203-1260   favinger@rwnetwork.com

 

 

Sacramento Duplexes For Sale – Bread & Butter Income Units

Rents are Low – But These Still Might Work…!

While there aren’t too many Sacramento Duplexes for sale on the market these days that I like a lot, there are some Duplexes I think might work out for the right investor.

These Duplexes for Sale are what I call “Bread and Butter” type of Investments.Hand writing the text: Rental Income

 

Take a peek at the information I have below here.   I’m profiling these Duplexes for Sale based upon their current situation and what I think the ultimate sale price should realistically end up being.

I will profile other Sacramento Duplexes later so come back here from time to time.

If you are looking for a Residential Income Investment like a Duplex or a Four Plex, please send an email to:  favinger@rwntwork.com or you can call me at anytime at 916.203.1260.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker