3005 Fairways Court, Sacramento, CA 95821, Sacramento, 95821 - 1 bed, 2 bath
ACTIVE$469,900$1,417/sqft
3005 Fairways Court, Sacramento, CA 95821
1Bed
2Baths
1,417Sqft
5,227Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Cash Flow: The property is fully rented with both units currently occupied, providing instant income for an investor from day one.
Top Cons:
Property Age: Built in 1949, the property may require significant capital expenditures for system updates, structural repairs, or modern renovations in the near future.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, the property shows its age with dated kitchen cabinets and appliances, and very outdated bathroom tile. While some updates like newer vinyl plank flooring and a mini-split AC unit are present, the overall condition, including worn carpets and an older exterior with dilapidated backyard structures, indicates a need for substantial cosmetic and system updates to meet modern standards. It is functional and maintained for rental, but not move-in ready without immediate renovation needs for an owner-occupant.
Year Built
1949
Close
-
List price
$470K
Original List price
-
Price/Sqft
$332
HOA
$0
Days on market
-
Sold On
-
MLS number
226001083
Home ConditionFair
Features
Patio
View-
About this home
Investor's Dream! This fully rented duplex offers strong income potential and is ideally located in a private cul-de-sac. One unit features a spacious 1 bedroom, 1 bath layout, while the other is an efficient studioperfect for maximizing rental income. Both units are currently occupied, providing immediate cash flow from day one. With easy access to nearby shopping, schools, and public transportation, this low-maintenance property is an ideal addition to any investment portfolio. Don't miss out on this opportunity to own a turnkey duplex in a desirable location!
Z
Zoritha May-Thompson
Listing Agent
Price History
Date
Event
Price
09/01/95
Sold
$98,500
05/19/23
Sold
$460,000
06/28/13
Sold
$140,000
Condition Rating
Fair
Built in 1949, the property shows its age with dated kitchen cabinets and appliances, and very outdated bathroom tile. While some updates like newer vinyl plank flooring and a mini-split AC unit are present, the overall condition, including worn carpets and an older exterior with dilapidated backyard structures, indicates a need for substantial cosmetic and system updates to meet modern standards. It is functional and maintained for rental, but not move-in ready without immediate renovation needs for an owner-occupant.
Pros & Cons
Pros
Immediate Cash Flow: The property is fully rented with both units currently occupied, providing instant income for an investor from day one.
Strong Investment Potential: Described as an 'Investor's Dream' and a 'turnkey duplex,' making it highly attractive for portfolio expansion and passive income.
Desirable Location: Situated in a private cul-de-sac with easy access to shopping, schools, and public transportation, enhancing tenant appeal and stability.
Low Maintenance: Positioned as a low-maintenance property, which can significantly reduce ongoing operational burdens and costs for the owner.
Diverse Unit Mix: Features a 1-bedroom, 1-bath unit and an efficient studio, catering to a broader range of potential tenants and maximizing rental income opportunities.
Cons
Property Age: Built in 1949, the property may require significant capital expenditures for system updates, structural repairs, or modern renovations in the near future.
Limited Unit Sizes: The units consist of a 1-bedroom and a studio, which might limit the tenant demographic or potential for higher rental rates compared to properties with larger units.
Lack of Renovation Details: The description does not specify any recent upgrades or renovations, suggesting potential deferred maintenance or the need for immediate improvements to maximize value and tenant satisfaction.