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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 605,000

Est. payment | -/mo

2,118 SqFt

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$ 605,000

Est. payment | -/mo

Save

2,118 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,118 sqft

Price per Sqft $285

MLS Listing ID ML82041354

HOA Y/N No

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 at $605,000, 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

Fireplace No

Appliance Dishwasher, Electric Cooktop

Exterior

Parking Features Off Street

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition

Accessibility None

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 23602520130000

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Kelly Rivett Cornish & Carey Commercial #01249433

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5940 Rye WAY Carmichael, CA 95608