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Listed by Cornish & Carey Commercial
$ 640,000
Est. payment /mo
Active
5904 Bourbon Drive Carmichael, CA 95608
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 $302
MLS Listing ID ML82041299
HOA Y/N No
Year Built 1977
Lot Size 6,098 Sqft
Property Sub-Type Duplex
Source Datashare MLSListings
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 $640,000. 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 $640,000, 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 $302 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
Interior
Heating Forced Air
Fireplace No
Schools
School District San Juan Unified, San Juan Unified