5202 Thurman Way, Sacramento, CA 95824, Sacramento, 95824 - 2 bed, 2 bath
ACTIVE$330,000$1,152/sqft
5202 Thurman Way, Sacramento, CA 95824
2Beds
2Baths
1,152Sqft
6,072Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Consistent Rental Income: The property generates a stable $2200 per month from both units, providing immediate cash flow for an investor.
Top Cons:
Property Age and Potential for Updates: Built in 1949, the property may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or cosmetic renovations in the near future.
Compared to the nearby listings
Price:$330.0K vs avg $385.5K ($-55,500)40%
Size:1,152 sqft vs avg 1,152 sqft50%
Price/sqft:$286 vs avg $28650%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this property features extremely outdated kitchens and bathrooms with original or very old cabinets, countertops, appliances, and fixtures (likely 30-50+ years old). Visible wear and tear, along with the presence of window AC units and wall heaters, indicate a lack of modern systems and a need for substantial rehabilitation and significant capital expenditures to update major components and bring the property to current standards.
Year Built
1949
Close
-
List price
$330K
Original List price
-
Price/Sqft
$286
HOA
$0
Days on market
-
Sold On
-
MLS number
225152446
Home ConditionPoor
Features
View-
About this home
Great investment property. Long term ON Time Paying Tenants. Month to Month but would like to stay. $2200 a month rent from both sides. No major issues. Tenants always do minor repairs on their own!
S
Sheng Yen
Listing Agent
Price History
Date
Event
Price
03/20/20
Sold
$225,000
06/21/04
Sold
$235,500
Condition Rating
Poor
Built in 1949, this property features extremely outdated kitchens and bathrooms with original or very old cabinets, countertops, appliances, and fixtures (likely 30-50+ years old). Visible wear and tear, along with the presence of window AC units and wall heaters, indicate a lack of modern systems and a need for substantial rehabilitation and significant capital expenditures to update major components and bring the property to current standards.
Pros & Cons
Pros
Consistent Rental Income: The property generates a stable $2200 per month from both units, providing immediate cash flow for an investor.
Reliable, Long-Term Occupancy: Features long-term, on-time paying tenants who express a desire to remain, minimizing vacancy risk and turnover costs.
Tenant Self-Maintenance Contribution: Tenants proactively handle minor repairs, significantly reducing landlord responsibilities and maintenance expenses.
Duplex Investment Opportunity: Configured as a duplex, offering diversified income streams and a proven residential income property type.
Absence of Association Fees: No recurring association fees, contributing to lower operating expenses and higher net income for the owner.
Cons
Property Age and Potential for Updates: Built in 1949, the property may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or cosmetic renovations in the near future.
Month-to-Month Tenancy Structure: While tenants are stable, the month-to-month lease arrangement offers less long-term security for the landlord compared to fixed-term agreements.
Undisclosed Condition of Major Systems: Despite 'no major issues' being stated, the lack of detailed information on the condition or recent updates of major systems (roof, foundation, HVAC) for a property of this age presents an unknown risk.