Sales Prices Up – But Rents Are Up Too…!
We recently listed a couple of Sacramento Duplexes for sale. It’s amazing how quickly they seem to sell now and for what appears to be a never ending spiral upwards in Sales Price highs.
3 bedrooms 2 bath each side with updated interiors.
Listed at $399,000 – We had multiple offers with the new buyer that is excited to be Closing Escrow today at $410,000.
Oh and this was a Cash Offer with no financing involved. We added a picture of the property to the right here.
This Duplex was configured as a 2 bedroom 2 bath with a 2 car garage on one side with the other side being a 2 bedroom 1 bath 1 car garage. The owner on this one had purchased it at the top of the market back in 2004.
With values finally reaching a point where he could sell without having to come to the table with money at the close of escrow, he took advantage of today’s market and moved on.
Listed at $400,000 – Closed escrow at $395,000
PENDING SALE – This Carmichael Duplex is a 2 bedroom 1 bath units on ea side with one car garages
Now Listed at $355,000 – We had this one listed originally at $340,000, with multiple offers. It was taken off the market to make needed pest control repairs after inspections revealed a termite infestation so bad the property had to be “tented”.
After the work was completed it was put back on the market and is now currently in escrow with a full price CASH OFFER. It was also a multiple offer situation.
If you haven’t heard, there’s a short supply of Duplexes for Sale in Sacramento. If you own a Duplex in the Sacramento Area and you are thinking of Selling, now couldn’t be a better time.
Investors are looking for properties like yours. Let me show you how to get the most out of your investment. If you’re a Prospective Buyer/Investor looking to get into the Duplex market or any other kind of Residential Investment, please call or send a text to me at 916-203-1260.
You can also drop an email my way to: firstname.lastname@example.org
In the Mean time…
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE