5904 Bourbon Drive, Carmichael, CA 95608
List Price: $620K
Listing Status: Active
Original List Price: $640K
0Days on Market: 26
0 Bedrooms · 0 Bathrooms · 2,118 sq ft
Property Type: ResidentialIncome
Year Built: 1977
Lot Size: 6,098 sq ft
Garage Spaces: 2
Annual Property Tax: $1,584
MLS Number: ML82041299
About This Property
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.
Listing provided by: Kelly Rivett DRE #01249433 4087279600 kelly.rivett@nmrk.com, Cornish & Carey Commercial
Source: CRMLS