Property Description
6-Unit Investment Opportunity | Strong Kingsburg Rental Market | Value-Add UpsideRare opportunity to acquire a 6-unit income-producing portfolio across three contiguous downtown parcels totaling 18,750 sq ft in the highly desirable and supply-constrained Kingsburg rental market. This unique offering includes a mix of single-family homes and an apartment unit, all fully rented with strong in-place income and excellent upside potential.Total Current Monthly Income: $8,450 | Annual: $101,400Unit Breakdown:* 1300 Marion St - 2 bed / 1 bath - $1,700* 1300 Marion #B (upstairs) - 1 bed / 1 bath - $950* 1312 Marion St - 2 bed / 1 bath - $1,700* 1324 Marion St - 1 bed / 1 bath - $900* 1324 1/2 - 1 bed / 1 bath - $1,350* 1433 Earl St - 2 bed / 1 bath - $1,850Most of the units have been tastefully updated, enhancing tenant appeal and minimizing near-term capital expenses, while one unit remains largely original offering an additional value-add opportunity for increased rents.Property Highlights3 separate legal lots (flexibility for future sale or development)18,750 sq ft total lot size - unusually large for this areaR2 zoning - potential for additional units or expansion (buyer to verify)Majority of units have been partially remodeledExcellent tenant appeal with a mix of 1 and 2 bedroom unitsAlso includes garages, mini cold storage and 2 basements.Prime Location Ideally located across from churches and a park, providing a desirable setting for tenants. Kingsburg continues to be a strong and stable rental market with consistent demand.Why This Property Stands OutMultiple parcels = flexibility + future exit strategiesLarge lot size = development potentialBelow-market rents = built-in equity growthSolid tenant demand areaKingsburg continues to experience strong rental demand with limited inventory, and current rents are believed to be below market, providing a clear path for future income growth and improved returns.The property spans three separate APNs and has historically functioned as a cohesive multi-unit investment.All parcels to be sold together. Cash Buyers only.Opportunities like this are rarescale, location, zoning, and upside all in one package. Whether you're looking to increase cash flow, add units, or hold for appreciation, this property checks every box.Buyer to verify all information, including lot lines, boundary conditions, and any potential non-conforming improvements.
