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https://www.londonproperties.com/property/link/fresno/651465/615-S-Demaree-St/Visalia/https://www.londonproperties.com/images/props/fresno/full/651465.jpgLondon Properties Visalia Real Estate | 615 S Demaree St
Giant Sequoia Village at 615 S Demaree St is a 40 unit multifamily community offered at an approximately 6.3 percent day-1 cap rate. This is a value acquisition built on strong in-place cash flow. The property generates over $51,700 per month in scheduled rents, delivering an attractive going-in yield from day one. The unit mix consists of 33 two bedroom one bathroom units and 7 three bedroom one bathroom units, with no studios or one bedrooms. These family sized floor plans average roughly 850 square feet and total 34,038 square feet on a 1.41 acre lot. The asset is well positioned for a hands-off owner, with on-site management, two laundry rooms leased through WASH, and a swimming pool. In-place rents also sit modestly below market on a number of long tenured leases, offering incremental upside over time. Multifamily assets of this scale rarely trade in Visalia, making this an excellent fit for 1031 exchange buyers, regional operators expanding in the Central Valley, and investors seeking durable stabilized cash flow.
Property Type
Multi Family
Property Subtype 1
16 Units & More
Year Built
1973
Region
Suburban
Stories
Two
Total Units
40
Price Per Square Foot
$191
Price Per Acre
$4,609,922
Days On London
0
Cumulative Days On London
0
County
Tulare
Facilities
Pool
Leased Equipment
Washer/Dryer (s)
Special Features
On-Site Manager
REO / Bank Owned
No
Cross Street Address
S Demaree St/CA-198
Directions
Exit eastbound CA-198 on S Demaree St and turn right. Continue south on S Demaree St and the property is located on your right-hand side.
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Fireplace
None
Exterior
Stucco, Wood
Gas & Electric
Public Utilities
Sewer / Water
Public Water
Are there garage spaces?
No
Additional Parking
Carport, Covered, Uncovered
APN
087 090 048
School District
Visalia Schools
School Type 1
High School
School Name 1
El Diamonte
School Type 2
Junior High School
School Name 2
La Joya
School Type 3
Grade School
School Name 3
Veva Blunt
Tenant Pays
Electricity, Gas
Income Includes
Unit Rent, Laundry, Other
Annual Income
635794.00
Annual Expense
211374.00
Expenses Include
Management, Maintenance/Repair, Insurance, Gas, Electric, Water, Sewer, Pool, Taxes
Sources of Inc / Exp
Owner, Projected, Property Manager
Net Income
424420.00
71109
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Last modified 2 hours ago Fresno MLS last checked for updates 16 minutes ago
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.