NextHome Premier Properties
  • Ed’s Blog
    • Ed’s Video Channel
  • InvestingReasons Why To Invest – Definition of Cash Flow Analysis – 1031 Exchanges
    • Definition of Terms – Cash Flow Analysis
    • Sacramento Duplexes & Sacramento Apartments for Sale
    • Ed’s Hot Picks
  • Property Management
    • Questions About Qualifying
  • About
  • Featured Homes For Sale & Rent
    • Folsom Home For Sale
    • Rentals
  • Get a Quick Home EvaluationHome Valuations
  • Sign Up for Automatic Home UpdatesYou get a list of homes to your computer
  • Search
  • Menu Menu
PreviousNext
12

NextHome Premier Properties

They Call Me Mr. Ed – The Best Darned Real Estate Blog Period…!

Duplex Sales Data – As of August 15th, 2009

August 15, 2009/in Real Estate Sales /by edfavinger

 

Duplexes Are Selling Fast – Lately….

For those of you that follow this blog, I’ve just put together the Comparable Sales Data for Citrus Heights, Rancho Cordova, Carmichael, Folsom, Fair Oaks, Orangevale, North Highlands and the Foothill Farms area of Sacramento County.

The Closed Sales section consists of Sales that have closed escrow on or after May 1, 2009.   I think you will notice that there has been a flurry of recent sales.  Time on the market has dropped.   I am posting this now so you can see what has been happening in the market within the last 2 or 3 months.

I will post later more statistics.   One of the problems in trying to analyze these properties, is the fact that many are vacant, so their incomes have to be “projected”.

Fix Up should be factored in.

Don’t forget that many of these duplexes, if they have gone back to the Bank, will need work because they have been neglected.l

The reason for the neglect is that many of these properties were sold at such a high price back in the “go-go” days, the investor had to take money out of pocket to maintain loan servicing and “defer” needed maintenance.   However, some of these properties were purchased by investors who had hoped to “flip” them and therefore did spend a lot of money with some new kitchens and bathrooms.  I’ve seen some of these where one unit would be rent ready with not too much more invested beyond new paint and carpet.

In other cases, well.. let’s just say they’ve got a lot of “deferred maintenance”.   Our experience has been that on just about any of these, you’ll need something in the neighborhood of $5,000 – $10,000 extra “per unit” to get these duplexes back into a decent condition.   This would be enough most of the time to have new carpet, paint… and some landscaping to enhance the curb appeal.

CLICK HERE FOR A COPY OF THE PDF FILE – COMPARABLE SALES AS OF 8-15-2009.

If you have any questions, please drop me a note at favinger@rwnetwork.com or call me at 916-203-1260.

 

Make it a great day…!!!

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share by Mail
https://secureservercdn.net/198.71.233.227/jza.0ea.myftpupload.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png 0 0 edfavinger https://secureservercdn.net/198.71.233.227/jza.0ea.myftpupload.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png edfavinger2009-08-15 22:44:312009-08-15 22:44:31Duplex Sales Data – As of August 15th, 2009

Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

Property Search

$
$

Free Rental Survey for Investors

Reviews

Customer Testimonials
Powered by Reach150

Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

Each NextHome Office Is Independently Owned and Operated. The information provided herein is supplied by several sources and is subject to change without notice. The owner of this website does not guarantee or is in any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Should you have any questions, concerns, or needs, please feel free to contact the owner by clicking on the about page.
Getting Out Bid for the Duplex you want…? A Flip That Might Be a Win-Win….IF…?
Scroll to top