$1,515,000
Visalia, CA 93291
MLS# 221239
Status: Closed
30 beds | 15 baths | 12480 sqft
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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 !
Details
Maps
Documents
Property Information
Property Sub-Type: Multi Family
New Construction: No
Stories: 1
Bedrooms: 30
Year Built Source: Public Records
Number of Units: 15
Number of Buildings: 6
Total Baths: 15
APN: 093061046000
SqFt Source: Estimated
Lot Acres: 1
Lot SqFt: 43560
Lot Size Source: Estimated
Lot Dimensions: Irregular
Additional Parcels Y/N: Yes
Additional Parcels Description: 093061046000, 093061048000, 093061042000
Common Interest: None
Year Built: 1978
Street #: 915-943
Approx Square Feet: 12480
Direction: N
Street Name: Rinaldi
Suffix: Street
State/Province: CA
Zip Code: 93291
County: Tulare
Area: Visalia NW
Listing Information
List Price/SqFt: 132.21
Original List Price: 1650000
Current Price: $1,515,000
Status: Closed
Listing Date: 2022-11-23
Listing Price: 1650000
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
Close Price/SqFt: 121.39
Status Change Date: 2023-09-17
Pending Date: 2023-02-22
Close Date: 2023-07-05
Close Price: 1515000
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Unit 1
Number of Bedrooms: 30
Number of Bathrooms: 15
Sewer
Public Sewer: 1
Cooling
Central Air: 1
Heating
Central: 1
Roofing
Composition: 1
Tenant Pays
Electricity: 1
Gas: 1
Expenses Include
Gardener: 1
Maintenance: 1
Professional Management: 1
Vacancy Allowance: 1
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 
IDX
Listing Office: Bloom Group, Inc.
Listing Agent: Matthew K Niswander | matt@bloomgroupre.com
Agent Email: matt@bloomgroupre.com
Last Updated: September - 24 - 2024
Information deemed reliable but not guaranteed.