For Sale For Rent
Advertise
bedrooms Pending
bedrooms
bedrooms
18
bathrooms
bathrooms
0
square feet
square feet
7,500
acreage
Acreage
0.87
open houses
Open Houses
-
year built
year built
1000
full baths
Full Baths
0
half baths
Half Baths
0
Great investment opportunity! Well maintained 10 unit apartment complex, comprised of 5 separate duplexes on one APN at approximately 0.87 acres. There are five - 2 bedroom, 2 bath units, four - 2 bedroom, 1 bath units and one - 1 bedroom, 1 bath unit. One of the duplexes was built first and then at a much later time the other four duplexes were built. Four of the duplexes have brand new roofs and all five of the duplexes will have new paint on the exterior (2 exteriors have been painted already). Seller has been raising rents but is still low on several of them. Included in the income is $500 for utility reimbursement. The current CAP Rate is app. 6.47%, but the potential CAP Rate could be much higher with increased rents, which makes this a very good investment now as well as in the future. Make this the investment opportunity that you have been waiting for!
Location
Subdivision -
County Tulare
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 234045
Listing agent: Michael G Brown
Listing broker: Melson Realty (559) 788-2222
Copyright © 2025 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, April 22 2025 at 3:31 p.m. EDT
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