If you don’t want a “fixer” this might be what you are looking for.
This Duplex just recently fell out of escrow. It’s a long story, but suffice it to say, it wasn’t the fault of the property. In fact, the Buyer’s appraisal came in at the List Price of $214,500.
The former Buyer made some mistakes in obtaining her loan on time. So when her time to close came and went with no loan approval, the Seller elected to withdraw from that contract and put it back on the market again.
So here’s your chance.
I’ve got a video below and if you want to see what the numbers look like, the “proforma cash flow” analysis is available if you CLICK HERE.
If you have any questions regarding this or any other Residential Investment Property in the Sacramento Region, drop me a note or call me.
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE favinger@rwentwork.com 916-203-1260
I don’t care if you are looking for a Single Family Home, a Duplex or even a Small to Medium sized Apartment Complex.
I think it’s called a “feeding frenzy“. Because, if you ask just about any active Real Estate Broker or Agent in this area, they will all tell you the same thing. There’s really no inventory to speak of. And by the way… This is “old” news to those of us in the business.
The Sacramento Bee is finally getting the memo… They came out with a story about investors just a couple of days ago. Check out their report.
I’m actively working with several investors that have been looking for properties all up and down the ranges. From a Custom Home in El Dorado Hills to Duplexes in Rancho Cordova.
Click here for a quick story regarding the Custom Home with the multiple offers on 820 Katie Way, El Dorado Hills.
One more little “anecdotal” story from my own experiences.
Yesterday, a Duplex at 6938-38 Tarocco Way hits the market in Citrus Heights. Click here for the “pro-forma” cash flow analysis. Incredibly as I predicted, to a couple of my clients, this place didn’t last long. The agent wouldn’t tell me what its “pending price” is, but he did say they had 6 offers on it. Not bad for just “one day” on the market.
By the way… take note on the “pro-forma” that I had the offer price at $200,000 because based upon their income it pencils out pretty nice. We’ll have to wait and see what the final “sales” price is.
In the Mean Time…?
Make it a Great Day..!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
I held this home located at 820 Katie Way, El Dorado Hills open on Sunday, April 1st. And you know… It turned out to be one of those crisp & cool early Spring days with some light swirly winds. Visibility was incredible I think because of the rains the day and evening before.
In other words… The day had a lot of energy and the Buyers were “out kicking tires” so to speak. I thought I’d just share a short video that I took from the upstairs Bonus Room Deck. From this point you could see Folsom Lake and the Skyline of Sacramento. The video is not HD but I think you’ll get an idea of how nice a day and the view was from this place.
By the way… so far there are about 5 or 6 offers on it. I’ll keep you posted.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
