5
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Listed by Kelly Rivett • Cornish & Carey Commercial
$615,000
Est. payment /mo
2,118 SqFt
Active
5940 Rye Way Carmichael, CA 95608
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,118 sqft
Price per Sqft $290
MLS Listing ID ML82041354
HOA Y/N No
Year Built 1977
Lot Size 6,534 Sqft
Property Sub-Type Duplex
Source Datashare MLSListings
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 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.
Location
State CA
County Sacramento
Interior
Heating Forced Air
Fireplace No
Schools
School District San Juan Unified, San Juan Unified
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