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Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 5940-5942 Rye Way, a well-maintained duplex in the heart of Carmichael. Priced at $615,000, this 1977-built property features a 1,134 SF 2-bedroom/2-bathroom unit and a 984 SF 2-bedroom/1-bathroom unit. The asset is 100% occupied by long-term tenants on month-to-month leases, offering immediate stability with significant rental upside. The property is in turnkey condition following a series of recent capital improvements, including full kitchen and bathroom remodels in 2019, HVAC updates in 2014 and 2023, and a full exterior paint refresh in 2014. These upgrades minimize near-term maintenance costs for a new owner. Located near the Crestview Village Shopping Center and the I-80 corridor, this duplex is a rare, low-maintenance investment in a high-demand rental pocket. Notably, this property can be purchased individually or as part of a three-duplex portfolio, as the seller is also offering 5904-5906 Bourbon Way and 5908-5910 Bourbon Way located just around the corner.
Property Type(s):
Residential Income
| Last Updated | 4/2/2026 | Year Built | 1977 |
|---|---|---|---|
| Community | 699 - Not Defined | Garage Spaces | 2.0 |
| County | Sacramento |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Cooktop |
| AREA | 699 - Not Defined |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 6534 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 2711 |
| WATER | Public |
Location
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Listed with Cornish & Carey Commercial
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