Looking for a Sacramento Duplex for Sale…?

Just Listed –  Two Sacramento Area Duplexes for Sale…

We have just put on the market two Duplexes for Sale in great areas of Sacramento.

Click the links below and you’ll get the information along with a link there to a “proforma” cash flow analysis.

9143-9145 Tuolumne Drive, Sacramento, Ca,   3 bedrooms 2 bath each side with updated interiors

Listed at $399,000

6041-6043 Rye Way, Carmichael, Ca – 2 bedroom 1 bath units ea side

Listed at $340,000

If you are looking for a Duplex to buy in the Sacramento Region, then drop me a note via email or send me a text at 916.203.1260.    I pick up the phone too if you decide you’d like to actually speak to a live person on the other end.

Let me help you find the perfect investment for you..!

In the meantime…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916.203.1260   favinger@rwnetwork.com

 

Sacramento Duplexes for Sale – They Are Still a Good Buy…!

Prices Are Up But So Are Rents…!

If you have been following the Real Estate market when it comes to Duplexes you may have noticed the prices to get into one are up from just a year ago.

Available Sacramento Duplexes for sale in decent areas are scarce.   Furthermore what is out there now for sale do not seem to be in the best of condition with some deferred maintenance on many of them.

I think those owners just want out of the business and now is a good time.

I’ve profiled a few duplexes here that I think will make decent Cash Flow Investments especially if you keep in mind that real estate has always been a long-term situation.

The following 1st two profiles are on Salmon Falls Drive.   We manage a Duplex with the exact configuration located at 9074-9076 Salmon Falls Drive which is next door and across the street from these two… so we know this area.

You will notice when you see the cash flow figures I have two projections, one at the current rents and one at market.

I think many a Seller make the mistake of keeping rents low to avoid vacancies, but when they got to sell, it’s  up to the Buyer and new owner to increase the rents.

9070-9072 Salmon Falls Drive, Sacramento – Listed at $365,000 – 3 bedrooms 2 bath units on each side.  CLICK HERE for a Pro-forma Cash Flow analysis.

9075-9077 Salmon Falls Drive, Sacramento – Listed at $354,900 –  3 bedrooms 2 bath units on each side. CLICK HERE for a Pro-forma Cash Flow  analysis.

Below is a short video tour of the neighborhood where I show you what it looks like.   We manage 3 more Duplexes on the cross street of Tuolumne with recent “move-ins” at $1,400 per month.

 

Now…. After seeing the above numbers if you are from the Bay Area, you should easily see how good an investment Sacramento Duplexes are.

Of course you have to have the right Property Management and we do that as well.

Call or Text me, Ed Favinger at 916-203-1260 or send me an email at favinger@rwnetwork.com and we’ll help you find the right investment for you.

In the Mean Time…?

Make it a Great Day…!

 

Ed Favinger Broker, CRS, GRI, SFR, CDPE

 

Why Suburban Housing is Making a Comeback with Millennials & Other Generations

Suburban Folsom Real Estate is Sure to Take Advantage of This Trend.

If you look at the graphic below provided by the California Association of Realtors, it shows which generations prefer which kind of housing and lifestyle.   If you haven’t been to Folsom, California I think we are a hit with about all the demographics today.

I’ve lived in Folsom since October 1989 and watched all the changes first hand.  Folsom Real Estate includes a lot to offer that is shown in that graphic below.

If you’re looking for homes with large lots, we’ve got them.   You want a condo with no yard..?   We got them too.  If a home with a small yard close to lots of services is what you like, we got that.

Check out the link to the large new development in Folsom south of Highway 50 called Folsom Ranch which will have a lot of the elements shown in the graphic below.

Folsom Ranch Overview

 

Home Preferences for the generations

 

 

Now take a look at what the National Associaton of Realtors has to say about 7 Zip Codes That Exemplify Suburban Comeback.

If you are thinking of Buying a home or investment in Folsom or the surrounding areas, please call me at 916-203-1260 or drop me a note at favinger@rwnetwork.com

In the Mean Time…?

Make it a Great Day…!

3d render image of houses with graph growing

Overflow of Multiple Tenant Applications Since the Start of the New Year.

If you are an investor in the Sacramento Residential Investment Market and have been actively looking for something to buy,  you know there’s been multiple offers presented on a lot of the inventory here.

The reason is simple… not enough supply.3d render image of houses with graph growing

While that is frustrating for some investors who are looking to get into the market because the economy here is good,  if you’re a renter….?

You’ll notice that rental rates have gone up for the very same reason and that you aren’t the only ones applying for the same place.

Our Property Management Company has experienced a serious up tick in rental applications on our available properties that started the day after January 1st.

Since  we specialize in  Sales & Management of Duplexes and Four-plexes for sale, Small Apartment buildings  and of course sales of Single Family Homes,  please call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

If you want to get into the Sacramento Residential Rental Market you could not pick a better time.

I’ll help find the right deal for you and since we manage these investments we know what income you can reasonably expect to get.

Maybe we can find something like the one below.

4 bedroom home in Natoma Station

184 Elkins Circle, Folsom – A nice 4 bedroom home in the Natoma Station Neighborhood

 

In the Mean Time…?

Make it a Great Day…!

Note to You Bay Area Investors – You Get More Units for the Same Money in Sacramento

Check out this article to see what I mean.

A recent apartment acquisition here resulted from the sale of 10 units in the Bay Area and doing an exchange into a total of 85 Multi-Family units.

Basically the reason why this investor made this move is because you get a lot more units with a lot more upside and cash flow when you invest in Apartment units in the Sacramento area

Modern apartment buildings on a sunny day with a blue sky

 

Click Here for that Story

 

So if you’re a Bay Area Investor with property you’d like to sell and exchange for more units in the Sacramento Area, you’ll be joining a few others that have done the same thing.

If you are worried about Property Management because we are a couple of hours drive away from your home, rest easy.   Our Property Management Company, Haven Properties is here make your life easier as an investor.

Call or Text me at 916-203-1260 or send an email to me at,  favinger@rwnetwork.com.   Let me help you take advantage our Rental Investment market here in Sacramento

In the mean time…?

Make it a Great Day…

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

 

Sacramento Cash Flow Opportunities – 6 units For Sale

Two Tri-Plexes side by side

Have you been looking for Real Estate Investment opportunities that actually pencils out…?  We’ve got 2 “bread and butter” tri-plexes that give a pretty decent cash flow that includes Property Management.   The owner is retiring and now wants these sold.

The Ziggurat Building in the city of West Sacr...

The Ziggurat Building in the city of West Sacramento,

If you are in the market looking for a Residential Investment in a growing economy of Sacramento, stop here because these might be what you’re looking for.

They were listed by Sharon Kulbacki from our office last week and she’s provided some information here.

You can contact her at 916-705-5715.

Click Here for Pictures & Information regarding 3629 Altos, Sacramento 

Click Here for Pictures & Information regarding 3625 Altos, Sacramento

We have the proforma cash flow figures here below.

Click here for 3629 Altos Cash Flow figures 

Click here for 2625 Altos Cash flow figures.

Take a swing by these units but do not disturb the tenants.

In the mean time…?

Make it a Great Day…

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

 

Back Yard Landscaping is Important in a Rental – Don’t Overlook It…!

Check out this graphic from the California Association of Realtors.

Back Yard Landscaping is important because some of these people also rent as well.   While this graphic applies to Home Buyers, trust me as a property manager and investor with 35 years of experience, don’t ignore the back yard for your renters.

A back yard with patios and landscaping is a cheap addition to “living space”.   With the great weather we have here, it makes sense to give the people who rent from you more value don’t you think…?

So if you want more money from your rental investment, fix up the back yard and watch how much your tenants appreciate it because they will pay you back with higher rents.

Click here for a picture of the back yard landscaping of a Duplex we manage for an investor that took our advice.    In a few more years the shrubs around this  yard will provide a lot more shade, privacy and of course more value if they ever decide to sell.

That is because they get more rent then other properties like this that do not have this upgrade.

Let me know what you think.

 

one cool thing yards

 

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE

A New Sacramento Area Duplex for Sale – 1st Day on the Market

Duplex for Sale in Rancho Cordova – The “sleeper area” for Residential Investment.

 

We’ve just listed for sale a Duplex located at 2740-2742 Don Juan, Rancho Cordova.

Both units have central heat and air, 1 car garages with laundry hook ups in the garage.   One side is a 2 bedroom 2 bath unit and the other is a 2 bedroom 1 bath unit.   The 2 bedroom 2 bath unit has a fireplace.

This property is in a nice area of Rancho Cordova and along this street are mostly single family homes.   20170828_155708There’s a well maintained gated apartment complex adjoining this property.

Click Here for a proforma cash flow analysis.   Rents for a 2 bedroom 2 bath unit should rent for up to $1,350 and a 2 bedroom 1 bath unit is at $1,200.

Call me at 916-203-1260 for more information about this property or any other residential investment in the area.

We also do Property Management, so if you are a new investor, call us and we’ll let you know what we can do for you.

In the mean time…?

Make it a Great Day…!

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

 

 

El Dorado Hills Home for Sale

Best Darned Deal In El Dorado Hills Period.

Just listed… A Monster 3 bedroom, 2.5 Bathroom home, approx. 2454 Sq.Ft n a nice neighborhood of custom homes in El Dorado Hils .   And… hey by the way…  it comes with a 3 car garage, it’s on a corner lot sits high on the lot and you’ve got some great eastern views.

Priced at $525,000 it’s ready for you today.

Take a peek at the video and then give us a call.   If this one doesn’t work for you…?   Then Click Here for the list of all the homes for sale in El Dorado Hills.

Call Sharon Kulbacki at 916-705-5705 or send her an email @ sharonkulbacki@yahoo.com

Or you can call me at 916-203-1260.
https://www.youtube.com/watch?v=PHW5bU4PcXw&feature=youtu.be

 

In the Mean Time…?

Make it a Great Day…!

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

 

Sacramento Rental Rate Increases Highest In California…

Surrounding Suburbs, Folsom, El Dorado Hills, Roseville Affected too.

We’ve been experiencing Rental Rate Increases for a long time here in the Sacramento Region.  This includes not only Sacramento, but the surrounding communities as well, such as Elk Grove, Roseville, Woodland, Folsom, El Dorado Hills, Lincoln, Fair Oaks, and Carmichael to name a few.

The Sacramento Bee has a story today regarding Rent Rate Increases.  They are primarily talking about the Downtown/Midtown area which has experienced a “renaissance” because of the development in and around the Golden One Center.

Sacramento Rent Increase Rates Highest in the State of California

Sacramento Rent Increase Rates Highest in the State of California

The Sacramento Midtown Area has been very popular with the younger generation and some seniors because of the proximity to jobs, entertainment and restaurants.

As I have said in the past you almost have to “know somebody inside” to be able to get a decent rental these days.

To give you an idea of how strong the rental market is, we seem to average about 5 applications for every property we advertise.

An example of what I am talking about…?  As of today, July 26, 2017, here’s a short list of a couple of Duplex apartments being advertised by our Property Management Company with pending applications we are processing now.

Note to Duplex Investors or for that matter, any Residential Real Estate Investors from Single Family Homes up to Apartment complexes.   You’ll have several applications to rent if you decide to invest in the Sacramento area.

Until they start to build more Apartments and Homes this trend will continue given the great economy we have going at this time.

If you’re thinking of buying/investing in the Sacramento area, please call me at 916-203-1260 or send me a note at favinger@rwnetwork.com and let me help you find the best deal out there today.

If you’re an owner now and thinking of selling, contact me and let’s take a look at your investment property.   I can help you get the most out of your investment with some ideas you might not have considered.

In the Mean Time…?

Make it a Great Day…!

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