2432 Camino Garden Way, Carmichael, CA 95608, Carmichael, 95608 - 5 bed, 3 bath
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Carmichael, CA 95608
This Turnkey Income-Producing Duplex is a Move-In Ready opportunity listed at $860,000, reflecting its Excellent Condition Rating and $150,000 in recent high-end renovations. While the $803,240 Fair Market Value represents a stable valuation for a practically rebuilt property, the asset generates a significant $63,000 in projected annual rent. Featuring a new flat roof, dual-pane windows, and a private patio, this residence is located near Ancil Hoffman Park and the American River. This is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking a maintenance-free, high-yield lifestyle.
Property is new construction or fully renovated.
This property has undergone an extensive, top-to-bottom renovation within the last 5 years, effectively bringing it to a 'like-new' state despite its 1979 build date. With over $150,000 in upgrades, the property features completely remodeled kitchens and bathrooms, new LVP flooring, modern lighting, and brand-new major components including a flat roof, siding, dual-pane windows, and garage doors. The turnkey condition and high-quality contemporary finishes meet the criteria for excellent condition.
With over $150,000 in recent upgrades including a new roof, siding, dual-pane windows, and remodeled interiors, this property offers a 'like-new' condition that minimizes immediate capital expenditures.
The property boasts a strong projected annual rental income of over $63,000, providing an attractive gross yield for investors in the Carmichael market.
The exterior features artificial grass, rock accents, and new concrete, significantly reducing ongoing water costs and yard maintenance for the owner.
While the roof is brand new, flat roof systems generally require more frequent inspections and are more susceptible to drainage issues compared to traditional pitched roofs.
A significant price reduction from $925,000 to $860,000 suggests the property may have faced challenges with its initial market positioning or appraisal expectations.
You won't find a more updated duplex! This fully remodeled, practically rebuilt property has over $150K in upgrades. Featuring high rental income potential (over 63K annual rent), it boasts a brand-new flat roof, new siding, dual-pane windows, all-new doors, and fresh concrete throughout. The kitchens and bathrooms have been remodeled, complemented by new LVP flooring, modern lighting, and fresh interior and exterior paint. The low-maintenance landscaping includes rock and artificial grass. Additional upgrades include new garage doors and all doors replaced. This turnkey property is a rare gem! Close to Anciel Hoffman Park, river, restaurants, and shopping. Check out VR 3D model.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 56% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,471 | 2,118 | 67% |
| Lot Size | 6,848 | 7,776 | 33% |
| Price | $860.0K | $646.0K | 78% |
| Price per sq ft | $348 | $313 | 67% |
| Built year | 1979 | 1977 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 274 | 162 | 89% |
Feb 26, 2026
$860,000
$925,000
-7% Price Drop
Initial Listing
Jul 23, 2025
$925,000
Initial Listing
Apr 5, 2022
$655,000
Public Record
May 11, 2001
$220,000
Public Record