$1,400,000
Exeter, CA 93221
MLS# 143595
Status: Closed
35 beds | 20 baths | 17664 sqft
1 / 30
Property Description
Exclusively available is this garden-style multifamily asset located in the heart of Exeter within walking distance of local amenities, public transportation and groceries. Apartments consist of 20 units, 16 units feature two bedrooms and one bathroom in addition to 4 units with a one bedroom and one bathroom. All of the apartments are generous in size and feature tile flooring throughout and central heat/ air conditioning. The property is professionally managed and has a historically low vacancy rate. This is a true value-add opportunity with significant upside. Rents are below market and has the potential to achieve far higher returns.
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Year Built: 1972
Year Built Source: Public Records
Number of Units: 20
Street #: 310
Stories: 2
Approx Square Feet: 17664
Direction: N
Bedrooms: 35
SqFt Source: Public Records
Street Name: Orange
Lot Acres: 0.73
Suffix: Avenue
Total Baths: 20
Lot SqFt: 31799
Lot Size Source: Public Records
Lot Dimensions: Irreglar
State/Province: CA
Zip Code: 93221
Zip Plus 4: 1053
APN: 138111016000
County: Tulare
Additional Parcels Y/N: No
Area: Exeter
Listing Information
Original List Price: 1600000
List Price/SqFt: 84.64
Current Price: $1,400,000
Status: Closed
Listing Date: 2019-01-21
Listing Price: 1495000
Showing Information
Cross Street: Visalia Rd.
Directions to Property: From the intersection of Belmont and Visalia Rd, proceed East on Visalia Rd, North on Orange to said property.
Remarks
Marketing Remarks: Exclusively available is this garden-style multifamily asset located in the heart of Exeter within walking distance of local amenities, public transportation and groceries. Apartments consist of 20 units, 16 units feature two bedrooms and one bathroom in addition to 4 units with a one bedroom and one bathroom. All of the apartments are generous in size and feature tile flooring throughout and central heat/ air conditioning. The property is professionally managed and has a historically low vacancy rate. This is a true value-add opportunity with significant upside. Rents are below market and has the potential to achieve far higher returns.
General Information
Pool: No
Fireplace: No
Spa: No
# of Carports: 20
Status Change Info
Status Change Date: 2019-05-07
Pending Date: 2019-04-05
Close Date: 2019-05-06
Close Price: 1400000
Close Price/SqFt: 79.26
Unit 1
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 625
Unit Description: 1
Unit 2
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 675
Unit Description: 2
Unit 3
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 650
Unit Description: 3
Unit 4
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 675
Unit Description: 4
Unit 5
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 695
Unit Description: 5
Unit 6
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 675
Unit Description: 6
Unit 7
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 675
Unit Description: 7
Unit 8
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 675
Unit Description: 8-Resident Manager
Income Includes
Dollar Per Unit: 80000
Property Features
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Roofing: Composition
Income Includes: Rent Only
Tenant Pays: All Utilities
Owner Pays: Trash Collection; Water
Flooring: Ceramic Tile
Waterfront Features: Waterfront
Listing Office: DS Realty
Listing Agent: Darcy Staberg
Agent Email: darcy@darcystaberg.com
Last Updated: September - 24 - 2024
Information deemed reliable but not guaranteed.