Amazing How Overlooked Curb Appeal is When Selling In Today’s Market.
Here are 4 Sacramento Duplexes for sale that I’m going to profile because I’m actively looking to help investors find a decent deal in today’s market. We do have Rent Control but, with low interest rates available now, if you have a property that is priced right with rents at or near market, Investors are out there ready to buy.
So while I’m out previewing the available inventory I drove by these properties and in my opinion it’s a “turn off” when an investor pulls up to a property to see dirt in the front with not a bit of landscaping.
Here’s the list and my comments. Let me know what you think.
8919 Montoya, Sacramento – 3 bedrooms 2 bath on each side. It’s sad that while they have a couple of nice specimen Eucalyptus trees, they are just surrounded by dirt that could have easily been a nice cool green lawn.
Nice looking landscaping I think gives the tenants more pride in where they live and having a lush green lawn surrounding these trees would have been simple and easy. Doing that might also help mitigate and help sell given the fact this Duplex backs up to Highway 50 which might be an objection to some investors
Priced at $465,000 – Income is $36,000 one unit at $1,800 and one at $1,200.
Click Here for a Rental Survey of this property.
9104 Nasreen Drive, Sacramento – 2 bedrooms 1 bath each side – Click here for a short video of the vacant side. it would not take too much to fix this side up. It would be worth it because of the location in an area of single family homes. It’s basically an “eyesore” along with the one across the street and this lack of attention brings down the value of the neighborhood. It’s Priced at $415,000.
The rent is only at $850.00 per month for the occupied side and given the condition of the vacant side shown in the video needing work and updates, you have to wonder about price. There is an opportunity here but the price should be reduced to make a fair deal for a buyer.
By the way… Click Here for a Rent Survey to see how much was left on table. The Seller should have raised the rents long ago which would have helped defray the improvement costs to the exterior.
3416-18 Viking Drive, Sacramento, 2 bedrooms 2 bath and a 2 bedrooms 1 bath configuration. Absolutely no curb appeal in my opinion. It’s too bad there’s so much potential here because it sits on a corner lot with some mature trees that need some landscape enhancement and done right would have made this property really stand out.
However, they did some interior remodel of the 2 bedroom 2 bath side – Click here for a quick video tour of the exterior and see the explanation of what I would have done.
Priced at $439,000 Click Here for a Rent Survey
10996-10998 Hirschfeld Way, Rancho Cordova – 2 bedrooms 2 bath 2 car garage and a 2 bedroom 1 bath 1 car garage.
It’s amazing to me this is the only one of the 4 properties I’m profiling here with some curb appeal. Guess what…? They have the highest income with existing tenants in place. Priced at $460,000 the income now is $36,900, with the 2 Bed/2 ba unit @ $1,575 and the 2 Bed/1 ba unit @ $1,500 per month.
Click Here for a Rent Survey It appears their rents are right at market from that survey.
Finally – In conclusion if you are thinking of Selling a Duplex, don’t forget the curb appeal when putting it on the market. You should also make it a part of the maintenance expense because it will payoff in the long run.
In the Mean Time…?
Make it a Great Day…
Ed Favinger, Broker CRS, GRI, SFR