$836,500
Dinuba, CA 93618
MLS# 229990
Status: Closed
12 beds | 6 baths | 5430 sqft
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Property Description
What a great investment opportunity! Apartment complexes do not come up very often and this is an apartment complex offering a private patio for each tenant with washer and dryer hookups located in each unit. The property has a new roof, new plumbing replaced underground, all new electrical boxes inside each unit and udated outside where necessary. This property does not have a pool. The pool was demolished and filled in. All repairs were permitted and inspected by the city. This apartment complex is categorized as a 'B' quality property. Each unit has its own AC and separate gas meter for each unit. There are a total of 6 units with 2 beds and one bath in each unit and they are located very close to Dinuba schools. Carport spaces are available behind the property and there is parking on the street in front of the apartments. Rent can be increased in January 2025 for all units except unit 3. Rent roll: unit 1- 900 unit 2- 955 unit 3- 1275 unit 4- 925 unit 5- 925 unit 6- 815
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Year Built: 1972
Year Built Source: Public Records
Number of Buildings: 1
Number of Units: 6
Street #: 930
Stories: 1
Approx Square Feet: 5430
Direction: N
Bedrooms: 12
SqFt Source: Public Records
Street Name: Villa
Lot Acres: 0.33
Suffix: Avenue
Total Baths: 6
Lot SqFt: 14375
Lot Size Source: Public Records
Lot Dimensions: 117 x 126 buyer to verify (slightly irregular)
State/Province: CA
Zip Code: 93618
APN: 014283007000
County: Tulare
Additional Parcels Y/N: No
Subdivision: Northgate Manor
Common Interest: None
Area: Dinuba
Zoning Description: mixed use_multifamily_residential_buyer to verify.
Listing Information
Original List Price: 900000
List Price/SqFt: 155.62
Current Price: $836,500
Status: Closed
Listing Date: 2024-06-24
Listing Price: 845000
Showing Information
Directions to Property: Take the Mountain View exit off Hwy 99 driving east toward the mountains. Drive down Mountain View Ave. until it changes into El Monte Ave. Turn left going north on North Alta Ave. and turn right going east on Saginaw and the property is to the left.
Remarks
Marketing Remarks: What a great investment opportunity! Apartment complexes do not come up very often and this is an apartment complex offering a private patio for each tenant with washer and dryer hookups located in each unit. The property has a new roof, new plumbing replaced underground, all new electrical boxes inside each unit and udated outside where necessary. This property does not have a pool. The pool was demolished and filled in. All repairs were permitted and inspected by the city. This apartment complex is categorized as a 'B' quality property. Each unit has its own AC and separate gas meter for each unit. There are a total of 6 units with 2 beds and one bath in each unit and they are located very close to Dinuba schools. Carport spaces are available behind the property and there is parking on the street in front of the apartments. Rent can be increased in January 2025 for all units except unit 3.
Rent roll:
unit 1- 900
unit 2- 955
unit 3- 1275
unit 4- 925
unit 5- 925
unit 6- 815
General Information
Garage: No
Pool: No
HOA: No
Senior Community: No
Fireplace: No
Spa: No
Waterfront: No
Handicap Access: Yes
Horse Property: No
Financial Information
Cap Rate: 6
Tax Information
Land Value: 65619
Improvement Value: 500889
Status Change Info
Status Change Date: 2024-10-07
Pending Date: 2024-09-24
Close Date: 2024-10-07
Close Price: 836500
Close Price/SqFt: 154.05
Unit 1
Number of Bedrooms: 2
Number of Bathrooms: 1
Unit 2
Number of Bedrooms: 2
Number of Bathrooms: 1
Unit 3
Number of Bedrooms: 2
Number of Bathrooms: 1
Unit 4
Number of Bedrooms: 2
Number of Bathrooms: 1
Unit 5
Number of Bedrooms: 2
Number of Bathrooms: 1
Unit 6
Number of Bedrooms: 2
Number of Bathrooms: 1
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Shingle; Other
Listing Office: Just Company Real Estate
Listing Agent: Kristine Pullen
Agent Email: kristi@justcompany.net
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.