3620 Elkhorn Blvd - Dormitory FOR SALE


North Highlands, CA 95660- Larchmont Village
$475,000 USD
916-730-3846
3620 Elkhorn Blvd, North Highlands, CA for Sale
$475,000 USD
Dormitory - FOR SALE
1/43
null | Request Cap Rate

3620 Elkhorn Blvd
North Highlands, CA 95660
Larchmont Village


HIGHLIGHTS

  • 2- 2 Bedroom 1 Bath Units
  • 1 Unit Recently Updated
  • 2 1 car Garages

OVERVIEW

The substance is strong. I'd tighten the wording, correct a few phrases, and make the equity opportunity clear without sounding like an ad. Here's a more natural version: If you're looking for a Sacramento-area duplex light fixer with some meat on the bone for a fix-and-hold investment, this one is worth a closer look. The property is priced $25,000 below the lowest recent closed sale and nearly $100,000 below a recent comparable sale that had been fully optimized. That creates an opportunity to improve the property and potentially build equity rather than paying a premium for someone else's improvements. A whole-house inspection and pest inspection have already been completed, so you can get a good understanding of the property's condition upfront. Both units are 2-bedroom, 1-bathroom units with one-car garages. One unit was recently updated and is currently rented for $1,650 per month. The other has a long-term tenant paying $1,150 per month, leaving room for a future rent increase. Once updated, we believe the market rent for that unit should be close to the $1,650 currently being achieved by the renovated unit. Both units also feature covered rear patios and large private backyards. For an investor looking for a duplex with existing income, some upside in the rents, and the opportunity to add value through improvements, this property has several things working in its favor.This is offer subject to inspections. Pest Report and Whole House inspections attached. Additional pictures available by request. This is priced for an as is: sale. Call or text friendly agent with questions @ 916 730-3846

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

2

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North HIghlands Value ADD- $100K under comps!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,996 SF

ZONING

RD-10

APN/PARCEL ID

200-0231-029

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.