Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
We are pleased to present 4100 Wheatley Circle and 1603 Renee Avenue a lucrative duplex investment opportunity located in Sacramento. Currently grossing $2,650 per month, this property is situated on a spacious 0.16-acre corner lot and offers a total of 1,657 square feet of rentable living space, constructed in 1963. The duplex features two 2-bedroom, 1-bathroom units, each offering approximately 829 square feet of living space. Both units have been thoughtfully remodeled within the last five years and come equipped with central heating and air conditioning, ensuring year-round comfort for tenants. Each unit includes off-street parking, a one-car attached garage, and access to a private backyard for each unit, providing tenants with a generously spaced and convenient living environment. The current rental rates are $1,350 per month for the unit at 4100 Wheatley Circle and $1,300 per month for the unit at 1603 Renee Avenue. The average rent for a 2-bedroom, 1-bathroom unit in this area is $1,950, highlighting a significant opportunity for an investor to add value by raising rents to market rates.
