Folsom FourPlexes For Sale….!

These Four-Plexes For Sale in Folsom Are a Rare Occurrence

It not very often that we get a FourPlex for sale on the market here in Folsom but now there are two of them,  205 and 211 Talisman Drive, Folsom.

While they have a great location in a town with all the amenities you’d want close by in an Investment, there are some down sides to these properties.

Both of these FourPlexes have some deferred maintenance of between $12,000 – $15,000 as disclosed by the Pest Inspections provided by the listing broker.

 

Deferred maintenance is not an uncommon thing, but the other issue I discovered an investor is going to have to take into account is the rents can not be raised on most of these units until very late into 2020.

Click here for the rent roll and you’ll see what I’m talking about.  Only one unit that is currently vacant would be available to raise the rent to market.

Click here for a Rental Market Survey.   You can see rents are at a premium here in Folsom and it’s a sad thing the rental rates were locked in with leases expiring in 2020.

Click here for a Pro-forma Cash Flow Analysis for both Fourplexes

As you can see the Cash Flow is a bit skinny on these FourPlexes.   This is not uncommon in today’s market because  most of the time investors area able to increase the rents after close of escrow.  However in this situation, you’ll not be able to raise the rent for a long time.

Anyone who gets into escrow on these two FourPlexes will need to review the Seller’s documentation and Maintenance history carefully.   And again they will have to take into account rents will be locked in for a long time.

But hey… These are located in Folsom which is one of neatest towns in California.   There’s not much on the market now so if you are hot to buy a Folsom FourPlex…. this is what you can get now.

If you want more information about Residential Investment Properties like Duplexes and Four Plexes, call or text me at 916-203-1260 or drop a note my way via email at: favinger@rwnetwork.com.

We also do Property Management.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker

 

 

Sacramento Duplexes – A Good Buy for Long Term Cash Flow…!

Sacramento Duplex Prices Are Steady & Rents Are Good…!

With the annual rate of appreciation of Real Estate prices in the Sacramento area generally slowing down a bit buying a Duplex here might be a little easier with fewer multiple offers.

20140905_144808Don’t get me wrong if you have been looking for an Investment like a Sacramento Duplex there are still multiple offers occurring.

That is especially true if the Duplex has been well maintained with good curb appeal and a great tenant profile paying close to or at Market Rents.

Those Duplexes that have some deferred maintenance issues and below market rents will take a little longer to sell if they are not priced correctly to make up for their deficiencies.

Here’s some quick statistics for you regards closed sales from January 1, 2019 to Date, February 12th.

Average Average   Pct of
List Price Sales Price List Price
 $  371,088  $   365,641 98.5%

As you can see it looks like prices have stabilized somewhat, but the rents are still going up.   Maybe now is the time to make a move into Buying a Sacramento Duplex.

If you’re thinking of investing in Sacramento Duplexex, maybe a Four-Plex or even a small Apartment complex please drop me an email note at favinger@rwnetwork.com or call/text me at 916.203.1260.

By the way… We do Property Management as well.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE

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Just Listed – Rancho Cordova Duplex for Sale…!

Great Prime Area of Rancho Cordova

We’ve just listed a Duplex for sale at 2621-2623 Capitales Drive, Rancho Cordova.   Rancho Cordova in my opinion is the “sleeper” area for Duplexes.

You can get top dollar rents because it’s an area that is near everything.   Schools, shopping, Light Rail and Hwy 50 on-ramps are very close by.

20181211_142142

To find out more information about this property please CLICK HERE for a Proforma Cash Flow Analysis.

Curious about the Rental potential…?   I’ve got a Rent Survey for you if you CLICK HERE for that.

Our Property Management company, Haven Properties currently manages about 35 doors in about a 3/4 mile radius of this property so we know the area well.

Call me to see this property today at 916-203-1260

In the Mean Time…?

Make it a Great Day…!

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

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Sacramento & Rancho Cordova Duplex Investors – Heads Up…!

The Way You Manage Your Duplex Will Determine The Rent Return & Appreciation Down The Line

Over the years since I’ve been writing here,  I’ve discussed Investing in Sacramento Duplexes for sale.  Other areas with great potential are Citrus Heights, Carmichael and Rancho Cordova with a lot of neighborhoods of Duplexes that come up for sale from time to time.

While in many respects Duplexes have the same amenities as a Single Family home, they are for the most part properties occupied by “non-owners” called Tenants.

An Investment Property like a Duplex has to be managed correctly to get the most value out of your investment in the form of higher rents and of course at re-sale increased appreciation.

I’ve got a little slide show that I would like to share with you.   This is one of my pet peeves – the lack of proper management and allowing Tenants to do what they want with your Investment.

What is my pet peeve…?   Parked cars on the front yard grass.    See below.

 

What do you think…?

If you are thinking of buying a Duplex in the Sacramento Area, think about managing it as well.   Good management will make you money.     Check out our Property Management Company.

 

In the Mean Time…?

Make it a Great Day…!

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

Fixer Upper Sacramento Duplex or Single Family Home

Some Tips to consider.

 

Fixer Upper Real Estate Sign Restoration Renovation House Home D

 

I thought I’d pass along this article about Fixer Uppers whether you are thinking of buying a Sacramento Duplex or a Single Family Home as an investment or to live in.

 

Now if you are thinking of buying an investment property like a fixer upper, please call me (texts work too) and let me help you find the right deal for you.

 

Click here for that article

 

In the Mean time…?

Make it a Great Day…!

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

Folsom Ranch Update – Mixed Use Project on the Horizon

Multi-Family Homes are Included Too…!

I thought I’d pass on this article about the South of 50 Development, Folsom Ranch.   It looks like we’re going to be seeing some serious changes South of 50 real soon.Folsom ranch mixed use site

We need multi-family homes and those are listed as part of the potential development.

Click Here for that article

I’d be curious to know what you think.   It looks like Folsom is going to grow and it will be interesting to watch.

In the Mean Time…?

Make it a Great Day…!

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

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American Dream Home – Folsom, California

Interesting Graphic – 60% of Home Buyers Want a Newly Built Home

I thought I’d forward this graphic from the California Association of Realtors on a recent poll they took.

Check it out.   It’s amazing with all the recent hoopla about how Millennials love Mid-Town Sacramento with all the night life and restaurants.

Interesting to see the statistic of what most buyers think is important.   Folsom has a lot to offer that is on this list.

Let me know what you think.

august 13

 

 

If you are thinking of buying a home or if you are an Investor, please email me at favinger@rwnetwork.com or call/text me at 916-203-1260.

In the Mean Time…?

Make it a Great Day…!

A Nice Sacramento Duplex for Sale in a Cul-de-Sac Location

Street is Mix of Single Family Homes & Large Duplexes

I haven’t seen a Duplex in this neighborhood come on the market in a few years.  This area is a mix of Single Family homes and Duplexes.

We manage a Duplex on Hanks, the cross street.   We’ve had the same tenants in there for the last 5 years,  so I know the area is a stable and safe place to invest in.

Click Here for the Pro-Forma Cash Flow Analysis.  Take a peek at the video below of the Vacant side.  I think you’ll see it could use a little sprucing up but not much.   Looks to be in pretty decent shape.   Let me know what you think.

 

If you’re thinking of Investing in a Sacramento Duplex for Sale there are some nice ones on the market now.   If you are thinking of selling your Sacramento Duplex , now is a pretty good time to do it.

Please Call or Text me at 916-203-1260… or drop an email to:  favinger@rwnetwork.com

In the Mean Time…?

Make it a Great Day…!

 

Also check out:

 

Imputed Rent – Benefit of Home Ownership..!

You Are Paying Yourself Rent Tax Free…

I got this article from the California Association of Realtors and thought I’d pass it on here…

Note with written words Earnings after Taxes.It’s in one of the Market Snap Shots that we get from our state association.

In it they go through an analysis of the tax benefits that are still available to home owners in California with an interesting twist talking about “imputed rent”.

Click here for that article and let me know what you think.

If you’re thinking of buying a home, or you’re an investor looking to by a Duplex or a Four-Plex for example, drop a note my way and let me help you.

We service the Sacramento Region and for you investors we also offer Property Management as well.

Call or Text me today at 916-203-1260.

In the Mean Time…?

Make it a Great Day…

Home For Sale Roseville – Across The Street From a Park

Location – Location – Location.

This awesome home for sale in Roseville with a great floor plane will come on the market very soon and it’s located right across the street from Pineschi Park.

Repairs are currently under way as I write this and when they are completed you’ll want to get  in for a look as soon as possible because it won’t last long.

Those repairs will include new paint, new laminate flooring, updated counter tops in the Kitchen along with new Kitchen appliances.

Some new landscaping in the rear yard will also be included.20180602_112959

 

The particulars on this Roseville home for sale are:

  • Located at 9466 Highland Park Drive
  • 3 bedrooms, 2 bathrooms
  • 1822 Sq Ft – Built in 2004
  • 3 car garage
  • Updated Hall Bathroom
  • Jacuzzi tub in Master Bathroom.
  • Directly across the street from the park.
  • Short distance to shopping, restaurants and entertainment

This home would make a great rental as well.   Click Here for a Rental Survey.

Come back to this site because we’ll monitor the progress with “Fix Up Video” updates and post them here as well.

Or… if you like to get onto our update list and watch the progress, we’ll email it to you.   Please email Sharon Kulbacki, sharonkulbacki@yahoo.com,  or me, Ed Favinger, favinger@rwnetwork.com and we’ll update you as we go along.

In the mean time…?

Make it a Great Day..!!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916-203-1260