3620 Elkhorn BLVD

If you're looking for a Sacramento-area duplex light fixer with some meat on the bone for a fix-and-hold investment, this one is worth a closer look. The property is priced $25,000 below the lowest recent closed sale and nearly $100,000 below a recent comparable sale that had been fully optimized. That creates an opportunity to improve the property and potentially build equity rather than paying a premium for someone else's improvements. A whole-house inspection and pest inspection have already been completed, so you can get a good understanding of the property's condition upfront. Both units are 2-bedroom, 1-bathroom units with one-car garages. One unit was recently updated and is currently rented for $1,650 per month. The other has a long-term tenant paying $1,150 per month, leaving room for a future rent increase. Once updated, we believe the market rent for that unit should be close to the $1,650 currently being achieved by the renovated unit. Both units also feature covered rear patios and large private backyards. For an investor looking for a duplex with existing income, some upside in the rents, and the opportunity to add value through improvements, this property has several things working in its favor.