$700,000
Visalia, CA 93291
MLS# 230227
Status: Closed
10 beds | 8 baths | 5835 sqft
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Property Description
Discover a lucrative 7-plex investment in Visalia, CA, featuring a unique blend of residential units ideal for rental income. The property includes a charming front house with its own garage, boasting 2 bedrooms and 2 bathrooms. Behind the front house is three separate buildings housing a total of six additional units, professionally managed by a trusted local property management company. The back units offer a mix of comfortable 2-bedroom, 1-bathroom layouts and cozy 1-bedroom, 1-bathroom options, catering to a diverse rental market. Perfectly positioned for convenience and growth, this property presents an excellent chance to capitalize on rental demand in a sought-after neighborhood. Whether you're expanding your portfolio or starting fresh, seize this opportunity to own a well-maintained, income-producing asset. Property being sold separately or as a package of 24 total units.
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Year Built: 1972
Year Built Source: Public Records
Number of Buildings: 4
Number of Units: 7
Street #: 404
Stories: 1
Approx Square Feet: 5835
Direction: N
Bedrooms: 10
SqFt Source: Owner
Street Name: Hall
Lot Acres: 0.25
Suffix: Street
Total Baths: 8
Lot SqFt: 10890
Lot Size Source: Public Records
Lot Dimensions: 217x50
State/Province: CA
Zip Code: 93291
APN: 093252007000
County: Tulare
Additional Parcels Y/N: Yes
Additional Parcels Description: 093-252-008-000
Common Interest: None
Area: Visalia NW
Listing Information
Original List Price: 950000
List Price/SqFt: 162.81
Current Price: $700,000
Status: Closed
Listing Date: 2024-07-08
Listing Price: 950000
Showing Information
Directions to Property: From Main St and Court go West. North on Hall St.
Remarks
Marketing Remarks: Discover a lucrative 7-plex investment in Visalia, CA, featuring a unique blend of residential units ideal for rental income. The property includes a charming front house with its own garage, boasting 2 bedrooms and 2 bathrooms. Behind the front house is three separate buildings housing a total of six additional units, professionally managed by a trusted local property management company. The back units offer a mix of comfortable 2-bedroom, 1-bathroom layouts and cozy 1-bedroom, 1-bathroom options, catering to a diverse rental market.
Perfectly positioned for convenience and growth, this property presents an excellent chance to capitalize on rental demand in a sought-after neighborhood. Whether you're expanding your portfolio or starting fresh, seize this opportunity to own a well-maintained, income-producing asset.
Property being sold separately or as a package of 24 total units.
General Information
Garage: Yes
# of Garage Spaces: 1
Pool: No
HOA: No
Tax Information
Land Value: 8655
Improvement Value: 74500
Status Change Info
Status Change Date: 2024-11-21
Pending Date: 2024-07-18
Close Date: 2024-11-20
Close Price: 700000
Close Price/SqFt: 119.97
Unit 1
Number of Bedrooms: 2
Number of Bathrooms: 2
Square Feet: 1350
Garage Spaces: 1
Lease: Yes
Total Rent: 962
Unit Description: front house
Unit 2
Number of Bedrooms: 2
Number of Bathrooms: 1
Square Feet: 780
Lease: Yes
Total Rent: 895
Unit Description: 404
Unit 3
Number of Bedrooms: 1
Number of Bathrooms: 1
Square Feet: 780
Lease: Yes
Total Rent: 797
Unit Description: 406
Unit 4
Number of Bedrooms: 1
Number of Bathrooms: 1
Square Feet: 780
Lease: Yes
Total Rent: 825
Unit Description: 408
Unit 5
Number of Bedrooms: 1
Number of Bathrooms: 1
Square Feet: 780
Lease: Yes
Total Rent: 795
Unit Description: 410
Unit 6
Number of Bedrooms: 2
Number of Bathrooms: 1
Square Feet: 780
Lease: Yes
Total Rent: 797
Unit Description: 412
Unit 7
Number of Bedrooms: 1
Number of Bathrooms: 1
Square Feet: 585
Lease: Yes
Total Rent: 770
Unit Description: 414
Property Features
Unit 1: Garage Attached
Utilities: Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Composition
Laundry Features: Main Level
Listing Terms: 1031 Exchange; Cash; Conventional
Listing Office: Century 21 Jordan-Link & Company
Listing Agent: Concetto Sciacca
Agent Email: ChetSciacca@gmail.com
Last Updated: November - 21 - 2024
Information deemed reliable but not guaranteed.