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Attention Investors 8% cap rate! Amazing turn key opportunity. Large duplex built in 2006 featuring 3 bed/ 2 bath units each unit is 1,208 sq ft with garages. There is also a 2 bed/1 bath 865 sq ft single family house with a detached garage. The house was updated with newer roof, stucco and windows. Duplex has Central heat and air, house is evaporating cooler and wall heater. The property is separately metered for gas, electric and water. This is a unique situation as the tenants pay ALL of their own utilities. Each unit is rented. Totaling a monthly rent income of $2,775 per month..expenses are extremely low and include taxes, insurance, maintenance. Priced at a very attractive 8% Cap rate for a solid return on a good property. Property has 3 garages in the rear of the property.

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thought you might be interested in the following property:

272 S A Street

Porterville, CA 93257

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272 S A Street

Porterville, CA 93257

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272 S A Street

Porterville, CA 93257

[GET DIRECTIONS]


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272 S A Street

Porterville, CA 93257

$329,000

Listed On 05/16/2018

Status: Pending (Taking Backup Offers)

8 Bed / 5 Bath
3,281 Square Feet (PER OTHER)
0.26 Acres

Listing #502907 (FRESNO MLS)

LONDON PROPERTIES, LTD.

Realtor® / Lic. #00463722

559.589.6600

jmarple@londonproperties.com

Presented By:

London Properties, Ltd.

(559) 589-6600

Email London


[GET DIRECTIONS]

272 S A Street

Porterville, CA 93257

272 S A Street

Porterville, CA 93257

[GET DIRECTIONS]


Presented By:

London Properties, Ltd.

(559) 589-6600

Email London

Presented By:

London Properties, Ltd.

(559) 589-6600

Email London

$329,000 8 Bed / 5 Bath 3,281 Square Feet (PER OTHER) 0.26 Acres Status: Pending AcceptBackup Listing #502907 (FRESNO MLS) Listed On 05/16/2018

Attention Investors 8% cap rate! Amazing turn key opportunity. Large duplex built in 2006 featuring 3 bed/ 2 bath units each unit is 1,208 sq ft with garages. There is also a 2 bed/1 bath 865 sq ft single family house with a detached garage. The house was updated with newer roof, stucco and windows. Duplex has Central heat and air, house is evaporating cooler and wall heater. The property is separately metered for gas, electric and water. This is a unique situation as the tenants pay ALL of their own utilities. Each unit is rented. Totaling a monthly rent income of $2,775 per month..expenses are extremely low and include taxes, insurance, maintenance. Priced at a very attractive 8% Cap rate for a solid return on a good property. Property has 3 garages in the rear of the property.
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General Information
Property Type Multi Family Property Subtype(s) Triplex
Price Per Sq. Ft. $100.27 Days On Market/Cumulative Days On Market 56/56
APN 261 150 040 Year Built 2006
County Tulare Area 257
Region Urban # of Units 3
# of Buildings 2 # of Stories One
Sewer/Water Public Water Gas & Electric Public Utilities
Cross Streets E Orange Ave Directions E Orange Ave to A St
Property Type Multi Family
Property Subtype(s) Triplex
Price Per Sq. Ft. $100.27
Days On Market/Cumulative Days On Market 56/56
APN 261 150 040
Year Built 2006
County Tulare
Area 257
Region Urban
# of Units 3
# of Buildings 2
# of Stories One
Sewer/Water Public Water
Gas & Electric Public Utilities
Cross Streets E Orange Ave
Directions E Orange Ave to A St

Property/Unit Features
Heating & Cooling Central Heat/Cool, Evaporative, Floor or Wall Heat Fireplace None
Stove All units Refrigerator All Units
Dishwasher More than One unit Garbage Disposal More than One Unit
Heating & Cooling Central Heat/Cool, Evaporative, Floor or Wall Heat
Fireplace None
Stove All units
Refrigerator All Units
Dishwasher More than One unit
Garbage Disposal More than One Unit

School Information
School District Porterville Schools Elementary School Santa Fe
Junior High School Pioneer High School Granite Hills
School District Porterville Schools
Elementary School Santa Fe
Junior High School Pioneer
High School Granite Hills

Interior
Flooring Concrete    
Flooring Concrete

Exterior
Lot Acres (approx) 0.26 Lot Sq Ft (approx) 11,250
Parking Features Garage Garage Spaces 3
Roofing Composition Exterior Stucco
Spa No Pool No
Lot Acres (approx) 0.26
Lot Sq Ft (approx) 11,250
Parking Features Garage
Garage Spaces 3
Roofing Composition
Exterior Stucco
Spa No
Pool No

Miscellaneous Data
REO/Bank Owned No Annual Income $33,300.00
Annual Expense $4,920.00 Net Income $28,380.00
Tenant Pays All Utilities, Electricity, Gas, Water, Sewer, Trash Collection Income Includes Unit Rent
Expenses Include Maintenence/Repair, Insurance, Taxes Sources of Inc/Exp Owner
REO/Bank Owned No
Annual Income $33,300.00
Annual Expense $4,920.00
Net Income $28,380.00
Tenant Pays All Utilities, Electricity, Gas, Water, Sewer, Trash Collection
Income Includes Unit Rent
Expenses Include Maintenence/Repair, Insurance, Taxes
Sources of Inc/Exp Owner

Courtesy of Matthew Garabedian, Royal Realty Property Management & Investment Inc

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

 

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