Looking for the Latest Duplex Sales Information – Stop Here..!

Some Interesting Statistics from my “”preferred” areas.

Although I work the entire Sacramento Region, I have compiled this information in what I think are the most popular areas only.  If you are looking for a Duplex Investment, these would probably be the areas you would look to first.

The following is the latest Sales Date from November 1, 2010 to date – February 24, 2011.

Current Available Inventory –  Active & Active Short Sales – 64

Current Pending Sales – Includes Active Short Sale Contingent – 70

Closed Sales – November 1, 2011 to date – February 24, 2011 – 100

Click here for a PDF Spreadsheet showing the addresses and other information.

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In the Mean Time…?

Make it a great day…!

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


I See Deals… Deals… Deals… – Bank Owned & Short Sale Duplexes

I’m just not getting why these Duplexes haven’t sold. Take a look again.  Their Asking Price/Condition Ratio must be off otherwise, these would be reported as Pending Sales..!

Below you’ll find a list of Duplexes that I have previewed in the past.  They are either  REO/Bank Owned or in a Pre-Foreclosure“/Short Sale status.   I’ve  included the link to their descriptions/cash flow figures/videos and I give you my “suggested” offer price, an opinion of the property and what I think your outcome would be.

Fix Up… Fix Up… Everyone of these duplexes will need some work.  Let’s be realistic, if the payments weren’t made and they lost it in foreclosure or it’s a Short Sale now, maintenance has not been a high priority.  If you want a rule of thumb, I think you should estimate $5,000 – $7,000 as a minimum PER UNIT fix up to get your investment into a “rent ready’ condition.   The upside after this expense is that you will have an investment in a good area that’s in great condition bringing top dollar in rents.

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1.  6128-6130 Oak Green Circle, Carmichael, Ca 95608 – Now Listed at $199,900 and has been in and out of escrow.  When you see the video, you’ll understand it does look daunting.   However… take a look at the decking on this hillside property.  It’s unique and when cleaned up will be a compelling upgrade because it’s not in bad condition.  I think the suggested price of $175,000 is fair given the dated condition.

Click Here for the ‘featured video” on my YouTube channel.

Click Here for the Pro Forma Cash Flow analysis

2.  9265-67 Corinthian Circle, Sacramento, Ca – Listed now at $190,000.  I only have an exterior view of a video, but you’ll get a good idea of the area.  Click here for it.

Click Here for the Pro Forma Cash Flow Analysis – I’d just make an offer on this one and see what happens. I suggested $175,000, but take a shot and offer a little bit lower.

I love this area… Near Hwy 50,  Light Rail and the American River Parkway recreation area.

3.  9649 – 51 Goethe Road, Sacramento, Ca 95827 – Short Sale – Listed at $154,800 – Offer $150,000 I haven’t seen the inside of this place but it’s the same floor plan scheme as the Duplex below.  I have the “proposed cash flow” at a much higher price but the rents are pretty close to what you can get if you have a quality unit.

Click Here for a video of the exterior – it’s better than street view… and shows the neighborhood a bit.

4.  9643 Goethe Road, Sacramento, Ca 95827 –  Listed now at $189,000.  I’m surprised this one hasn’t sold.   The current owner has put a lot of money into this one.  New energy saving windows.. Roof doesn’t look old and the interior on the right side is just about “rent ready”

Click here for the video walk through of the right side.

Click Here for a Pro Forma Cash Flow Analysis – I have the suggested offer price at $185,000… but this one has been on the market now a little longer than I thought I would.    I’m inclined to think you could get it for a lot less which means the numbers I’m showing on the pro-forma here would look a lot better at a lower price.

I bet you could get this for about $170,000… don’t know for sure…  but it’s still showing available.   And…  out of all of the properties I am profiling here, this one doesn’t need much work.  One side is still occupied.

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If you are looking for an investment and these don’t work for you, then drop me a note and I’ll do what I can to help you find something that works for you.

In the mean time…?

MAKE IT A GREAT DAY…!!

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

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Beware of “Mortgage Rescue” Schemes…!!!

Remember… “if it sounds too good to be true, it probably is”

I hate it when I hear stories like this so that’s why I am posting this on my website here.

If you or someone you know is having a problem making their Mortgage Loan payments…?   What ever you do, please stay in touch with your Lender.   The banks don’t really want your house back and will work with you up to a point.

Read this story to get the gist of it and remember what I said above.   Get it here

In the mean time…?

Make it a Great Day…!!

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

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Bank Owned & Short Sales – Deals Are Here…!!!

I’m bumping into people as I tour these places now….!

I was out and about today looking at a couple of Duplexes in the area today… and when you’re job is to look at property it sure is nice to do it in some really nice weather.

When you consider it’s February 5th, you probably have cold temperatures and inclement weather in mind.   Not today…!

The properties I have profiled below are each unique in their own way.

9649 – 51 Goethe Road, Sacramento, Ca 95827 – Short Sale – Listed at $154,800

Click Here for a video of the exterior – it’s better than street view… and shows the neighborhood a bit.

6915-6917 Burnham Drive, Citrus Heights, Ca 95821 – Short Sale – Listed at $175,000 – Wow is the 1st thing that came to mind when I saw this duplex.    It’s in a great part of Citrus Heights and surrounded by other “pride of ownership” Duplexes and close to the Fountain Square Shopping area.

Click here for the Cash Flow Figures         For a Video of the interiors, click here.

4911 Indian Oaks Court, Sacramento, Ca 95841 – Bank Owned/REO – Listed at $140,000 – This one has been on and off the market for a few months now and I think it’s been passed up because of the price.   It was a “pending sale” at one time but fell out of escrow.

Click here for the Cash Flow Figures     Click here for a video of the interiors of both units

In the Mean Time…?

Make it a Great Day…!


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

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A Rare Bank Owned Duplex in Fair Oaks

There was a crowd when I went through this one.

I think that’s because it’s rare these days to find a Duplex in a nice area.  Fair Oaks is one the of most desirable areas in the Sacramento Region.    I have a link for the map below.  When you look at it, you’ll see how close this property is to the Highway 50 corridor, the American River Parkway,  Nimbus Dam State Historical Park,  Nimbus Fish Hatchery, schools and local shopping.

Clicking here will take you to the map… hopefully it will be the aerial view so you can “zoom in” and  see for yourself that most of the homes surrounding this area are single family.   Within a real short distance,  just south of the property along Winding Way,  you’ll see some custom homes .

The Duplex is located at 8856 North Winding Way, Fair Oaks, Ca.  While it  does need some work to get it rent ready, it’s not bad.    Click here for a copy of the cash flow analysis.

VIDEO… VIDEO… VIDEO…

I have a video of each side of this property and you will see other people walking through it besides me.    You’ll be able to get an idea of condition.  I think a focus should be put on the landscaping of this property because that’s been neglected and could be a big selling point.

Click here to take a look and then let me know what you think.

In the mean time…?

Make it a Great Day..!!!



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

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