1093 N Cherry Street, Tulare, CA 93274 (MLS# 216916)

$5,500,000

1093 N Cherry Street
Tulare, CA 93274
MLS# 216916
Status: Closed
16 beds | 16 baths | 30820 sqft

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Property Description
Amazing investment opportunity with this well maintained complex! Cherry Heights is a gated complex situated in a prime location of Tulare, within close distance to shopping, schools, parks, restaurants, and hospital, with ease of access to the freeway. All units have washer/dryer, microwave, dishwasher, and covered car port parking. Newer exterior paint & new 4k security cameras have been installed. Apartment's gross rents is $35,870. 36 Total Units. Twelve Upstairs Units - 2/1 - 780 sq ft. Twelve Downstairs Units - 1/1 - 780 sqft. Eleven Townhome Units - 2/1.5 - 1100 sq ft w/attached 1-car garage. One manager's unit - 2/2 + small office w/attached 2-car garage. Come quick before this investment opportunity is gone!

Details

Maps

Property Information

Property Sub-Type: Multi Family

New Construction: No

Year Built: 1993

Year Built Source: Public Records

Number of Buildings: 4

Number of Units: 36

Street #: 1093

Stories: 2

Approx Square Feet: 30820

Direction: N

Bedrooms: 16

SqFt Source: Owner

Street Name: Cherry

Lot Acres: 1.65

Suffix: Street

Total Baths: 16

Lot SqFt: 71874

Lot Size Source: Public Records

Lot Dimensions: Buyer to verify.

State/Province: CA

Zip Code: 93274

Zip Plus 4: 2250

APN: 170340018000

County: Tulare

Additional Parcels Y/N: No

Common Interest: Community Apartment

Area: Tulare NE

Listing Information

Original List Price: 5900000

List Price/SqFt: 191.43

Current Price: $5,500,000

Status: Closed

Listing Date: 2022-04-07

Listing Price: 5900000

Showing Information

Directions to Property: From E Prosperity Ave & N Cherry St, go South on Cherry St.

Remarks

Marketing Remarks: Amazing investment opportunity with this well maintained complex! Cherry Heights is a gated complex situated in a prime location of Tulare, within close distance to shopping, schools, parks, restaurants, and hospital, with ease of access to the freeway. All units have washer/dryer, microwave, dishwasher, and covered car port parking. Newer exterior paint & new 4k security cameras have been installed. Apartment's gross rents is $35,870. 36 Total Units. Twelve Upstairs Units - 2/1 - 780 sq ft. Twelve Downstairs Units - 1/1 - 780 sqft. Eleven Townhome Units - 2/1.5 - 1100 sq ft w/attached 1-car garage. One manager's unit - 2/2 + small office w/attached 2-car garage. Come quick before this investment opportunity is gone!

General Information

Garage: Yes

# of Garage Spaces: 13

Pool: No

HOA: No

Tax Information

Land Value: 852400

Improvement Value: 2042545

Status Change Info

Status Change Date: 2022-06-14

Pending Date: 2022-04-25

Close Date: 2022-06-10

Close Price: 5500000

Close Price/SqFt: 178.46

Unit 1

Number of Bedrooms: 2

Number of Bathrooms: 2

Square Feet: 1100

Garage Spaces: 1