The Gaslight Apartments, Folsom, Ca 15 Unit Complex For Sale…!

Posted on the Market on January 15th….

So Far…?  6 Offers…!!

For those of you that don’t know me, I work primarily with Residential Investment Property and Investors.   We were fortunate to get the opportunity to do the Property Management  for the Gaslight Apartments in the summer of 2012.   The Apartments consist of,  (9) 2 bedroom 1 bath and (6) 1 bedroom 1 bath units.

The property is well located in Folsom, near City Hall, the new Library, City Park and Zoo.   It’s a corner lot location with a single family home on one side and Theodore Judah Elementary on the other.

Since the time we took over, we’ve increased the owner’s Monthly income  over $1,000 by very modest increases in the rents of these long time tenants, some of whom had not seen a rent increase in 18 years.

While Gaslight doesn’t have all the latest amenities, it does have Covered Parking and a Community Pool.

The Owner’s have decided to move on after owning this for approximately 20 years or so.

There’s a lot of “upside” on this one for the right owner…!

Click Here for a Proforma Cash flow analysis based upon Current Rents

Click Here for a Proforma Cash flow analysis based upon another modest increase in Rents

Click Here for a Rent Roll that shows the current rent, laundry income & potential rent.

As of January 23, 2013 this property is still available, so if you are interested let me know.

 

In The Mean Time…?

Make it a Great Day..!

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

 

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Thinking of Selling in the Next Two or Three Years…?

Then Check This Out… You Might Want to Think First Before doing any Major Improvements….

 

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In the Mean Time…?

Make it a Great Day…!

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

 

Looking For a Real Estate Investment That Carries Itself..? Check These Out…!

We’ve got recent price reductions too…!

 

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If you have been looking for an “investment” type of property and have followed this blog site for any length of time, you know I’m a big fan of Mulit-Unit properties.

The reason is most of the time you’ll never have a vacancy of 100%.

Is a Four Plex in your future…?

Take a peek again if you haven’t already at this Four Plex at 5544 Keoncrest Circle, Sacramento which consists of all 2 bedroom 1 bath units, central heat and air, fireplaces in 3 of the units.  Each unit gets a Garage Space and garage door opener.   There is an “on-site” laundry that is free to use for the Residents of this building.

Click Here to get all the information including a video of one of the units

How About A Duplex…?  We got several.

1.  955-957 Woodshire, Sacramento – 2 bedrooms, 1 bath, 1 car garage one side & a 2 car garage on the other – Was priced at $289,000… Now Reduced to $259,000 – Located in a Pride of Ownership area consisting of primarily single family homes.   Rents could be raised some on this one.

2.  7226-7228 Oconee Court, Citrus Heights, Ca – 2 bedrooms, 1 bath, 1 car garage each side – Priced at $259,000 – Located on Quiet Cul-De-Sac Street in a great area near Parks, Schools and Shopping.   Great tenants on this one and both want to stay.  On month to month and could have rents raised some.   One side has been totally remodeled with a new kitchen.

3.  4713-4715 Greenholme, Sacramento, Ca – 2 bedrooms, 1 bath, 1 car garage each side – Reduced price at $204,950.  Fully leased with great tenants.

4.  4717-4719 Greenholme, Sacramento, Ca –  2 bedrooms, 1 bath, 1 car garage each side – Reduced price at $204,950.  Fully leased with great tenants.

NOTE:  Someone would be smart to buy both of the Greenholme properties since they are side by side. 

5.  4548-4550 Zachary Way, Sacramento, CA – 2 bed/1 ba/1 car gar & a 2bed/2ba/2 car Garage.  Occupied by long term tenants… one over 11 years.   Priced at $219,000.   OWNER IS WILLING TO CREDIT $5,000 for new paint & carpet.   This property has had the same tenant on once side for almost 18 years and the other side for about 10 years.

AND FINALLY…

6.  Two Houses above the valley fog on One Lot in Cameron Park, located at 3825-27 Cambridge Road.  CLICK HERE for pictures and a cash flow sheet.   Priced at $515,000

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If you have thought about making an investment, now is a good time.   Interest rates are still at a low level, all of these properties are decent shape with the owners willing,  within reason,  to make repairs that are needed when discovered in the “due diligence” inspections.

You Need A Property Manager…?  We also offer the 1st 3 months of Property Management if you buy these or any other rental property through us.  Our property management services can be found here.

 

In The Mean Time…?

Make it a Great Day…!

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

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Sacramento Fourplex – Fixed Up – Rented Up – Check it out Below

Nothing To Do Except Collect The Rent Now..

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5544 Keoncrest Cir, 

Sacramento, Ca 95841

 

All units are 2 bedrooms 1 bath and include a 1 car garage for each unit.

This was a “bank owned fourplex” that has been refurbished and updated inside and out.

We have a great tenant profile and all the units are currently leased up.

Click Here for additional pictures and more information.

Click Here  for the “pro-forma” cash flow analysis.

Take a drive by the area and 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

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I Have A Couple of Sacramento Duplexes for Sale… See Below…!

They Are In Good Areas… Bring Me an Offer…!

Our Office has recently listed some Duplexes for sale in various parts of the Sacramento Region.    We do manage one of them, the others are managed by different property management companies.

This Owner is moving out of the area and wants to liquidate these properties.   They are all “occupied”.  Rents on some of them are low because they have been occupied by long term tenants.

The links below will have some pictures, some will have “cash flow” figures and short videos of the exterior.

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1.  955-957 Woodshire, Sacramento – 2 bedrooms, 1 bath, 1 car garage each side – Priced at $289,000 – Located in a Pride of Ownership area consisting of primarily single family homes.

2.  9398 Mary Ellen Wayu, Elk Grove, Ca – 2 bedrooms, 1 bath, 1 car garage each side – Priced at $269,000 – Located in a Pride of Ownership area consisting of primarily single family homes.  One unit has been totally updated, the other unit is in good condition but not updated.  Click here to get the slide show and short video of the exterior.

3.  7226-7228 Oconee Court, Citrus Heights, Ca – 2 bedrooms, 1 bath, 1 car garage each side – Priced at $259,000 – Located on Quiet Cul-De-Sac Street in a great area near Parks, Schools and Shopping.

4.  4713-4715 Greenholme, Sacramento, Ca – 2 bedrooms, 1 bath, 1 car garage each side – Priced at $209,950.  Fully leased with great tenants.

5.  4548-4550 Zachary Way, Sacramento, CA – 2 bed/1 ba/1 car gar & a 2bed/2ba/2 car Garage.  Occupied by long term tenants… one over 11 years.   Priced at $224,900

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Need financing…?  Give Dana Reed, Folsom Branch Team Leader, , of Big Valley Mortgage a call at  916-768-4298

In the Mean Time…?

Make it a Great Day…

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

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