5940 Rye Way, Carmichael, CA, CA 95608
- $590,000
- 2,118
- SqFt
- List Price
- $590,000
- Price Change
- ▼ $15,000 1782259237
- Status
- ACTIVE
- MLS#
- ML82041354
- County
- Sacramento
- Year Built
- 1977
- Building Square Feet
- 2,118
- Square Feet
- 6,534
- Days on Market
- 118
- Property Type
- Multifamily
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 just reduced to $590,000, 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.
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Additional Information
- Taxes
- $2,711
- Parcel Number
- 23602520130000
- Gross Scheduled Income
- $41,400
- Number of Buildings
- 1
- Appliances
- Dishwasher, Electric Cooktop
- Heat
- Central
- Cooling
- Yes
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Kelly Rivett (kelly.rivett@nmrk.com) from Listing Office: Cornish & Carey Commercial.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.