Property Detail

Description

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 and just reduced to $605,000. The property features a 1,134 sq. ft. 2-bed/2-bath unit, and a 984 sq. ft. 2-bed/1-bath unit. 5904 is currently vacant, with 5906 vacant later this month. This situation is ideal and allows either an owner-occupy situation or lease out at market rents. . For investors seeking to scale, the adjacent duplex at 5908/5910 Bourbon Way is also for sale and priced at $610,000, 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 $253 per square foot, this property represents an exceptional balance of mechanical reliability and aesthetic appeal in a high-demand location.