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Listed by Kelly Rivett, DRE #01249433 • Cornish & Carey Commercial
$620,000
Est. payment /mo
4 Beds
3 Baths
2,118 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,118 sqft
Price per Sqft $292
MLS Listing ID ML82041299
Bedrooms 4
Full Baths 3
Year Built 1977
Lot Size 6,098 Sqft
Property Sub-Type Duplex
Source MLSListings, Inc.
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 5904/5906 Bourbon Way, Carmichael, Ca. Built in 1977, this duplex offers a premier turn-key investment priced at $620,000. The property features a 1,134 sq. ft. 2-bed/2-bath unit, and a 984 sq. ft. 2-bed/1-bath unit. Both of the units are occupied by reliable, long-term tenants on month-to-month leases. This occupancy provides immediate cash flow with the rare flexibility to transition to market-rate rents or owner-occupancy. For investors seeking to scale, the adjacent duplex at 5908/5910 Bourbon Way is also for sale at $625,000, offering a unique opportunity to acquire four contiguous units in a stabilized suburban submarket. The asset has been meticulously maintained through a comprehensive capital improvement program that significantly minimizes near-term maintenance risks. Major upgrades completed in 2019 include a new roof, new HVAC systems, and a full exterior repaint. Additionally, the kitchens and bathrooms were modernized between 2016 and 2019, ensuring the interiors remain highly competitive. At approximately $292 per square foot, this property represents an exceptional balance of mechanical reliability and aesthetic appeal in a high-demand location.
Location
State CA
County Sacramento
Area Carmichael
Zoning RD-10
Rooms
Kitchen Cooktop - Electric, Countertop - Formica, Dishwasher, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Carpet, Vinyl / Linoleum
Laundry Hookups Only
Exterior
Parking Features Attached Garage, Off-Street Parking
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 236-0252-026-0000
Special Listing Condition Not Applicable
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