7729 Sunset Ave
Fair Oaks, CA 95628


Iva Lunsford, Realtor
(916) 765-3797
iluns4d@pacbell.net

Duplex
for Sale

LOCATION - RENTS - FEATURES - IMPROVEMENTS - GRM

LOCATION
  • Prime location in Fair Oaks
  • 0.33 acre lot on the corner of Sunset Ave and Greenridge Way
  • Corner of an upscale residential area (not a duplex area)
  • One of a kind property. A unique opportunity. See more details below.
GREAT OPPORTUNITY
  • Excellent investment opportunity - big cash flow and low GRM
    (compare to other investment properties in the area - see below)
  • Great opportunity for living in one unit and renting the other!
  • There hasn't been anything similar offered in Fair Oaks since last year!


Sunset Unit Entrance


Greenridge Unit Entrance

7729 Sunset Ave
Fair Oaks, CA 95628


Iva Lunsford, Realtor
(916) 765-3797

RENTS
  • $1,300/$1,045.  Combined rents $2,345/month
  • Both units have been rented continuously for 1 year
  • Tenant leases expire in August 2003
FEATURES
  • built 1959
  • 2 bedroom/2 bath  &  2 bedroom/1 bath
  • 1000/916 sq ft
  • fireplace (both units)
  • 2 car garages (both units)
  • RV access (both units)
  • huge yard and deck (bigger unit only)
  • shed (bigger unit only)
  • skylight (bigger unit only)
  • includes fridge, washer & drier (bigger unit only)
IMPROVEMENTS/REMODEL 2002/2003
  • New roof (installed this year)
  • New central heat (gas) and air
  • New dual pane windows
  • New paint & carpet (bigger unit)
  • New sprinklers front and back
  • New drip system

7729 Sunset Ave
Fair Oaks, CA 95628

Iva Lunsford, Realtor
(916) 765-3797

GREAT INVESTMENT OPPORTUNITY
  • Low GRM of under 15!
  • Compare with these duplexes sold in Fair Oaks this year:
         7453 Tierra Way - Sold February 2003 - GRM = 14.9
         4807 Gastman Way - Sold April 2003 - GRM = 15.9
         5346 Castle St - Sold March 2003 - GRM = 16.1
         5341 Elsinore Way - Sold June 2003 - GRM = 16.1
         7952 Cavalli Way - Sold March 2003 - GRM = 18
         7300 Palm Ave - Sold March 2003 - GRM = 20.8 !!!


Please do not disturb the tenants!