Low Duplex Sales in the South Sacramento Area
I’m doing some research for a duplex in South Sacramento. I thought readers would be interested to see a trend graph of all sales over the past twelve months for 2-4 unit properties (duplex, triplex, fourplex) within the South Sacramento & Fruitridge market area. It’s amazing to see how low prices have come down. In 2005, for example, something would have been sincerely wrong to see a residential-income property selling anywhere near $100,000 (or below). For reference, 67% of the sales below were REO and 19% were Short Sales.
What do you see? Also, how have you seen the decline in property value impact rents in the Sacramento area?
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Tagged as: 2-4 unit property · Duplex · Fourplex · Lundquist Appraisal Company · Multi-Family Properties · Real Estate Appraisal · Real Estate Appraiser · Rental Income · Residential-Income Property · Ryan Lundquist · Sacramento Appraiser · South Sacramento · Trend Graph of Multi-Unit Sales in Sacramento · Triplex
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