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$ 550,000
$ 590,000 6.8%
Est. payment | /mo
2,118 SqFt
$ 550,000
$ 590,000 6.8%
Est. payment | /mo
2,118 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,118 sqft
Price per Sqft $259
MLS Listing ID ML82041354
Year Built 1977
Annual Tax Amount $2,711
Lot Size 6,534 Sqft
Property Sub-Type Duplex
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 5940-5942 Rye Way, a well-maintained duplex in the heart of Carmichael. Priced just reduced to $590,000, this 1977-built property features a 1,134 SF 2-bedroom/2-bathroom unit and a 984 SF 2-bedroom/1-bathroom unit. The asset is 100% occupied by long-term tenants on month-to-month leases, offering immediate stability with significant rental upside. The property is in turnkey condition following a series of recent capital improvements, including full kitchen and bathroom remodels in 2019, HVAC updates in 2014 and 2023, and a full exterior paint refresh in 2014. These upgrades minimize near-term maintenance costs for a new owner. Located near the Crestview Village Shopping Center and the I-80 corridor, this duplex is a rare, low-maintenance investment in a high-demand rental pocket. Notably, this property can be purchased individually or as part of a three-duplex portfolio, as the seller is also offering 5904-5906 Bourbon Way and 5908-5910 Bourbon Way located just around the corner.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning RD-10
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Off Street
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Composition
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Special Listing Condition Standard
Listed by Kelly Rivett Cornish & Carey Commercial #01249433
Bought with Stephan Skots
Bought with Stephan Skots
NEARBY SCHOOL & BUSINESS
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