$1,650,000
30 bedrooms | 15 bathrooms | 12,480 sq. ft.
1 / 3
Property Description
Opportunity awaits in this Opportunity Zone! Here's your chance to park some cash before year end ! Great value add opportunity here, see attached proforma for the potential here! Contact your CPA to see how owning these 15 units in a Tulare County opportunity zone would BENEFIT you !!! Current rents below market with HUGE upside. Located in a developing neighborhood within walking distance to downtown area & Kaweah Delta Medical Center! Units currently occupied and professionally managed by a reputable local management company. Large courtyard area joining all the units together. Property also features a spacious indoor common laundry room. Great opportunity for the investor who wants to own the block, rolls up their sleeves and gets to work !
View Details
View Map
Documents
Property Information
Property Sub-Type: 5+ Units
New Construction: No
Year Built: 1978
Year Built Source: Public Records
Number of Buildings: 6
Number of Units: 15
Stories: 1
Approx Square Feet: 12480
Direction: N
Bedrooms: 30
SqFt Source: Estimated
Street Name: Rinaldi
Lot Acres: 1
Suffix: Street
Total Baths: 15
Lot SqFt: 43560
Lot Size Source: Estimated
Lot Dimensions: Irregular
State/Province: CA
Zip Code: 93291
APN: 093061046000
County: Tulare
Additional Parcels Y/N: Yes
Additional Parcels Description: 093061046000, 093061048000, 093061042000
Common Interest: None
Area: Visalia NW
Listing Information
Original List Price: 1650000
Commission: 2.5
List Price/SqFt: 132.21
% or $: %
Current Price: $1,515,000
Listing Date: 2022-11-23
Listing Price: 1650000
Street #: 915-943
Showing Information
Directions to Property: From W. Houston Ave. and N. Mooney Blvd, head east on Houston to south on Rinaldi.
Remarks
Marketing Remarks: Opportunity awaits in this Opportunity Zone! Here's your chance to park some cash before year end ! Great value add opportunity here, see attached proforma for the potential here! Contact your CPA to see how owning these 15 units in a Tulare County opportunity zone would BENEFIT you !!! Current rents below market with HUGE upside. Located in a developing neighborhood within walking distance to downtown area & Kaweah Delta Medical Center! Units currently occupied and professionally managed by a reputable local management company. Large courtyard area joining all the units together. Property also features a spacious indoor common laundry room. Great opportunity for the investor who wants to own the block, rolls up their sleeves and gets to work !
General Information
Garage: No
Pool: No
HOA: No
Status Change Info
Status Change Date: 2023-09-17
Pending Date: 2023-02-22
Status: Closed
Close Date: 2023-07-05
Close Price: 1515000
Close Price/SqFt: 121.39
Unit 1
Number of Bedrooms: 30
Number of Bathrooms: 15
Property Features
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Composition
Expenses Include: Gardener; Maintenance; Professional Management; Vacancy Allowance
Tenant Pays: Electricity; Gas
Rent Roll November 
Listing Office: BHGRE Bloom Group
Listing Agent: Matthew Niswander
Agent Email: matt@bloomgroupre.com
Last Updated: September - 18 - 2023
Information deemed reliable but not guaranteed.