While inspecting a property yesterday in the “Strawberry Manor” area of Sacramento (Del Paso Heights), I snapped the following image of a boarded-up fourplex. On Fairbanks Avenue there are four 4-plexes in a row on the Southern end of the street and they are ALL boarded as bank-owned properties.
The property above is a fourplex and is currently listed for sale at $132,900. Each of the fourplexes on Fairbanks Avenue like the one above has a total of eight bedrooms and four bathrooms (each unit is a 2/1). Another one of the group of these 4-plexes is currently pending at $129,900. It’s amazing to see such low prices when considering these sold above $300,000 in the past several years.
A quick scan of the 95838 zip code reveals the following:
- 3 Active duplex listings ranging from $69,900 to $360,000
- 10 Active Short Sale duplex listings from $69,900 to $350,000
- 7 of these listings are priced under $150,000
- 4 Active fourplex listings from $132,900 to $500,000
- 11 total pending properties (duplex and fourplex) ranging from $63,900 to $290,000.
- 8 of the 11 pendings are priced under $150,000
If you have any questions about the local real estate market or if you have any potential appraisal needs for your investments, let me know. The information above is just one sliver of the deals to be had out there. Feel free to reach me at 916-595-3735 or www.lundquistcompany.comor “ryan [at] lundquistcompany [dot] com”.
http://www.lundquistcompany.com/blog Low Prices on Foreclosure Duplex and Fourplex Properties in Sacramento Region
If you enjoyed this post, make sure you subscribe to my RSS feed!
Related posts:
- The Crashing of the Fourplex Market in Sacramento
- The Bursting of the Duplex Market in Sacramento
- Foreclosure and Short Sales Figures in Rancho Cordova Compared to Sacramento County
- What is the relationship between home prices and unemployment? A look at Rancho Cordova
- Is there a price difference between REO properties, short sales, and arms-length transactions?
Tags: 1-4 unit properties in 95838 zip code, 1-4 unit properties in del paso heights, bank owned duplex in sacramento, bank owned fourplex properties in sacramento, Decline of property value in 95838 zip code, Del Paso Heights Duplexes, Del Paso Heights Fourplex, Foreclosure Duplex and Fourplex properties in Sacramento, Foreclosure Multi-Unit Residential Income Properties in Sacramento, Home Values in the 95838 Zip Code, multi-unit properties in 95838 zip code, Property Values in the 95838 Zip Code, Sacramento Appraiser for Investment Property, Sacramento Duplex Home Appraiser, Sacramento Duplex House Appraiser, Sacramento Duplex Real Estate Appraisal, Sacramento Duplex Real Estate Appraiser, Strawberry Manor Duplexes, Strawberry Manor Fourplexes, Strawberry Manor Neighborhood
-
Those look like reasonable listing prices for those duplex’s .. man there’s some great opportunity out there for cash buyers and those with access to hard money loans… especially in trustee’s sales like those held at auctions in Arizona.
-
Trackback from union-county-sc-museum.org on June 11, 2010 at 5:55 pm
2 comments
Comments feed for this article
Trackback link: http://lundquistcompany.com/blog/2009/04/30/low-prices-on-foreclosure-duplex-and-fourplex-properties-in-sacramento-region-appraiser-appraisal/trackback/