1425 S Central Street

    Visalia, CA 93277
    • $879,000
    • STATUS: Active
    • ON SITE: 413 days
    • ID#: IV16769171
    UPDATED: 165 min ago
    $879,000
    • 0
      BEDS
    • 0.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,360
      SQFT
    • $57
      $/SQFT
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    Rents are Low....GREAT OPPORTUNITY... THESE were BUILT AS CONDOS...THEY HAVE 17 PARCELS...WITH EXTRA LAND TO POSSIBLY BUILD MORE....owner MAY carry an AITD...HUGE POTENTIAL FOR A SMART AND ABLE INVESTOR....GREAT LOCATION....SELLER ALSO SELLING OTHER 6 UNITS THAT ARE NEARBY AT 430 S. GARDEN ST VISALIA CA. 93277...BUT 2 DIFFERENT BUYERS CAN BUY PROPERTIES, AND BUYERS ARE ENCOURAGED TO BUY AS A PACKAGE, BUT IF NOT IT IS OK......HUGE UPSIDE IN RENTS, SELLER ARE CURRENTLY DOING SOME WORK ON SUBJECT PROPERTY, HAVE REPLACED SOME ROOFS AND REPAIRED OTHERS, AND HAVE REPAIRED NOW MAJORITY OF UNITS, WILL NOW START WORK ON THE OUTSIDE....

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/68968583

    1425 S Central Street Visalia, CA 93277

    • Price: $879,000
    • Status: Active
    • Updated: 165 min ago
    • ID#: IV16769171
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.81
    Acres
    15,360
    SQFT
    $57
    $/SQFT
    1974
    Built
    County:
    Tulare
    Property Description
    Rents are Low....GREAT OPPORTUNITY... THESE were BUILT AS CONDOS...THEY HAVE 17 PARCELS...WITH EXTRA LAND TO POSSIBLY BUILD MORE....owner MAY carry an AITD...HUGE POTENTIAL FOR A SMART AND ABLE INVESTOR....GREAT LOCATION....SELLER ALSO SELLING OTHER 6 UNITS THAT ARE NEARBY AT 430 S. GARDEN ST VISALIA CA. 93277...BUT 2 DIFFERENT BUYERS CAN BUY PROPERTIES, AND BUYERS ARE ENCOURAGED TO BUY AS A PACKAGE, BUT IF NOT IT IS OK......HUGE UPSIDE IN RENTS, SELLER ARE CURRENTLY DOING SOME WORK ON SUBJECT PROPERTY, HAVE REPLACED SOME ROOFS AND REPAIRED OTHERS, AND HAVE REPAIRED NOW MAJORITY OF UNITS, WILL NOW START WORK ON THE OUTSIDE....
    Exterior Features

    Carport Spaces 16.00 Garage Spaces 0.00 Lot Features 16-20 Units/AcreGardenLot 20000-39999 SqftLot-Level/Flat Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 960 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 8.11 Community Features Curbs Country Us Electric Expense 719.00 Elevation Units Feet Fuel Expense 7680.00 Gardener Expense 1800.00 Gross Income 135420.00 Gross Operating Income 128649.00 Gross Scheduled Income 135420.00 Insurance Expense 4673.00 Land Lease YN No Licenses Expense 1200.00 Maintenance Expense 4200.00 Net Operating Income 71293.00 New Taxes Expense 9844.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 57356.00 Professional Management Expense 8280.00 Rent Control YN No Sewer Sewer AssessmentsUnknown Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 135420.00 Total Expenses 57356.00 Trash Expense 3600.00 Vacancy Allowance 6771 Water Sewer Expense 15360.00 Water Source Public Year Built Source Assessor Zoning Rm3

    Listing provided courtesy of Carlos Mendoza of Navarro Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003