Have you been looking for Real Estate Investment opportunities that actually pencils out…? We’ve got 2 “bread and butter” tri-plexes that give a pretty decent cash flow that includes Property Management. The owner is retiring and now wants these sold.
If you are in the market looking for a Residential Investment in a growing economy of Sacramento, stop here because these might be what you’re looking for.
They were listed by Sharon Kulbacki from our office last week and she’s provided some information here.
Surrounding Suburbs, Folsom, El Dorado Hills, Roseville Affected too.
We’ve been experiencing Rental Rate Increases for a long time here in the Sacramento Region. This includes not only Sacramento, but the surrounding communities as well, such as Elk Grove, Roseville, Woodland, Folsom, El Dorado Hills, Lincoln, Fair Oaks, and Carmichael to name a few.
The Sacramento Midtown Area has been very popular with the younger generation and some seniors because of the proximity to jobs, entertainment and restaurants.
As I have said in the past you almost have to “know somebody inside” to be able to get a decent rental these days.
To give you an idea of how strong the rental market is, we seem to average about 5 applications for every property we advertise.
An example of what I am talking about…? As of today, July 26, 2017, here’s a short list of a couple of Duplex apartments being advertised by our Property Management Company with pending applications we are processing now.
Note to Duplex Investors or for that matter, any Residential Real Estate Investors from Single Family Homes up to Apartment complexes. You’ll have several applications to rent if you decide to invest in the Sacramento area.
Until they start to build more Apartments and Homes this trend will continue given the great economy we have going at this time.
If you’re thinking of buying/investing in the Sacramento area, please call me at 916-203-1260 or send me a note at firstname.lastname@example.org and let me help you find the best deal out there today.
If you’re an owner now and thinking of selling, contact me and let’s take a look at your investment property. I can help you get the most out of your investment with some ideas you might not have considered.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE 916-203-1260 email@example.com
I’ve been working the Sacramento Area Duplex Market for a few years now and while we’ve had spurts of price growth in the past, I think this current market is poised to bust through the price ceiling of 2005 and 2006.
While we’ve been involved in Sacramento Duplex Sales and Management all over the region. However, it seems Duplexes located in the Sacramento zip codes of 95826, 95827 and the Rancho Cordova zip code of 95670 are noteworthy because we’ve placed a lot of investors in these areas and we manage them as well.
I thought I’d share the latest information regarding the Sales Data for Sacramento and Rancho Cordova Duplexes with you that I sent to Duplex owners hoping to find someone willing to sell now.
Rents are also going up. Many of these Duplexes for sale will not have the rents at their current market so it will be up to you, the investor, to know how much you can raise them in order to make a deal make sense.
If you’re thinking of Investing in a Sacramento Duplex, call or send me a note and I’ll be able to analyze the property for it’s potential performance.
The Rental Market in Sacramento is hot. Sales and Investing in the Sacramento Region hot as well.
We’ve experienced multiple rental applications for Duplexes, Single Family Homes and Apartments we manage for the last several months. They haven’t built enough inventory for the amount of people looking to move into a home or an apartment.
So if you’re thinking of Buying/Investing in a Single Family Home, a Duplex here in the Sacramento Region or even a small to medium sized apartment complex, call/text me at 916-203-1260 or drop an email my way and lets talk about what your goals are.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE firstname.lastname@example.org 916-203-1260
I had the opportunity of working with a couple of investors that made offers on a couple of Duplexes for sale in our region. One of the Duplexes for sale was at 4932&4934 Saddlerock, Sacramento and the other Duplex for sale was located at 2641 Capitales, Rancho Cordova.
In both instances the Sellers received “multiple offers”. The buyer on the Saddlerock Duplex actually made an offer well over list price but didn’t get in 1st position. However, they were later able to get into escrow with this property after the Buyer with the top offer withdrew from the deal.
Sometimes the 1st offer in doesn’t complete the deal.
The other Duplex for sale on Capitales had 5 offers and we wound up on top with that one. Interestingly in that deal the Listing agent told me that out of the 5 offers, 3 of them were prospective “owner occupied” purchases. I think you’ll see as prices of single family homes go up, folks will turn to this option, live in one side and rent the other.
In both cases we were required to have a Lender Pre-approval letter and Proof of Funds. Proof funds is important because if you are going to compete with “cash offers”, you have to show you can pay the difference if the appraisal doesn’t come in at the Sale Price of your offer.
So if you’re thinking of Selling, Buying/Investing get in while the rates are still low and don’t be disappointed if you don’t get the first deal you make an offer on.
In the mean time…?
Make it a Great Day..!
Ed Favinger, Broker CRS, GRI, SFR, CDPE 916-203-1260 email@example.com