Turn-key property example 3

Property/Area Features

Type of Property: Duplex

Address: Patton Avenue

City/State: Citrus Heights, CA 95610

Bedrooms/Bathrooms: 2 bedrooms, 1 bathroom per unit (total 4/2)

Size: 1,350 square feet total (655sf each unit). Lot size .2833ac, 12 340sf

Client Price: $162,000 (10% below market)

Estimated Fair Market Value: $180,000

Misc: Great property on a quarter acre lot in Citrus Heights.  Property has concrete construction, with a newer roof and newer exterior paint.  Located in a quiet, well-established middle class neighborhood in Citrus Heights; close to parks, schools, and public transortation. Currently, both units are occupied on a month to month lease at $850 per month. However, the average rent for the area is $900-$975.

NOTE: Our Turn-Key Properties are primarily single-family homes (and periodically duplexes like this one, triplexes, and four-plexes) in solid neighborhoods, with instant equity and great cash flow.  Properties are in move-in condition (already fixed up with property management in place), and typically priced 10% below Market Value.  Terms of purchase: a) With a stable income and good credit, can finance with 20-30% down payment; b) Cash.

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