An Opportunity on One of My Favorite Streets – An Area that does not turn over often.
So here’s a monster duplex that just came on the market in Carmichael. To get to this property you have to drive by some really beautiful single family homes. When you first turn on Oakgreen Circle in Carmichael, you aren’t sure if you are looking at a neighborhood of duplexes because of the lush landscaping and mature trees and shrubs.
This property just came on the market yesterday and is listed at $235,000. With a Gross Annual Income showing of $30,600, you get a deal at roughly 7.6 GRM. The configuration is a 1,600 sq. ft. 3 bedroom 2 bath, 2 car garage and a 1,354 sq. ft. 2 bedroom 2 bath 1 car garage …
You can see from the pictures it’s got some vaulted ceilings and at this price it’s got some upside potential. It’s too bad that either the owner or the tenants leave all this much “stuff” laying around the premises and allow what could be nice landscaping to be ignored.
Cash Flow Estimates will come later.
Make it a great day.
Ed Favinger – Email: favinger@rwnetwork.com – Mobile (916) 203-1260
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