I’ve got profiles of a Duplex “Flip”, A Short Sale Duplex & a 6 Unit Complex.
Let’s talk about the Short Sale Duplex 1st.
6813-15 Greenback Lane, Citrus Heights – Listed at $129,500 a few days ago. They are accepting offers tomorrow, August 20th around 6PM. This will get multiple offers..!
Click Here for a Pro-forma Cash Flow Analysis Click Here For the Exterior Video
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Here’s a “Flip” Duplex.
6604 Summer Rain Way, Citrus Heights, Ca – Listed at $214,888. 2 bedrooms 1 bath ea side. Rents should be at $1,000 per unit on this street because our company manages a unit a couple of doors away. One unit is vacant and the other is reported to be renting at $750.00 per month.
Click Here for the Video of the one vacant unit
Click here for a video of the Duplex we manage just a couple doors away for comparison
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You have to take a look at this 6 unit deal located at 1911 El Monte, Sacramento, Ca. It consists of 6 separate single family homes on one lot. Listed at $299,000 I think this is probably one of the better deals out there now. The problem with this one is that it must be a cash deal because its difficult to get multi-unit financing with loans below $500,000. They’ve had a couple of deals fall out because the Buyers could not get financing.
Click here for a list of expenses I got from the listing agent. I don’t know if these are annual figures or..? The reason I say that is because they look high for some reason. You will notice there is a “gas” utility bill included which would be unusual in a situation like this. This is something you’d have to clarify of course in your due diligence review of their income and expenses.
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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