5940 Rye WAY, Carmichael, CA 95608
5940 Rye WAY, Carmichael, CA 95608
5940 Rye WAY, Carmichael, CA 95608
5940 Rye WAY, Carmichael, CA 95608
5940 Rye WAY, Carmichael, CA 95608
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Listed by Kelly Rivett • Cornish & Carey Commercial, DRE#01249433
Bought with Stephan Skots

$ 550,000

$ 590,000 6.8%

Est. payment | /mo

4 Beds

3 Baths

2,118 SqFt

$ 550,000

$ 590,000 6.8%

Est. payment | /mo

4 Beds

3 Baths

2,118 SqFt

Key Details

Sold Price $550,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,118 sqft

Price per Sqft $259

MLS Listing ID ML82041354

Sold Date 08/31/26

Bedrooms 4

Full Baths 3

Year Built 1977

Lot Size 6,534 Sqft

Property Sub-Type Duplex

Property Description

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 just reduced to $590,000, 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.

Location

State CA

County Sacramento

Area Carmichael

Zoning RD-10

Rooms

Kitchen Cooktop - Electric, Countertop - Formica, Dishwasher

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Carpet, Vinyl / Linoleum

Laundry Hookups Only

Exterior

Parking Features Attached Garage, Off-Street Parking

Garage Spaces 2.0

Utilities Available Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 236-0252-013-0000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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1005 Saratoga Sunnyvale Rd, Jose, CA 95129, United States

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5940 Rye WAY