5940 Rye Way, Carmichael, CA 95608
List Price: $605K
Listing Status: Active
Original List Price: $615K
0Days on Market: 26
0 Bedrooms · 0 Bathrooms · 2,118 sq ft
Property Type: ResidentialIncome
Year Built: 1977
Lot Size: 6,534 sq ft
Garage Spaces: 2
Annual Property Tax: $2,711
MLS Number: ML82041354
About This Property
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 at $615,000, 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.
Listing provided by: Kelly Rivett DRE #01249433 4087279600 kelly.rivett@nmrk.com, Cornish & Carey Commercial
Source: CRMLS, MLS #: ML82041354
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.