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$ 6,400,000
Est. payment | /mo
2.56 Acres Lot
$ 6,400,000
Est. payment | /mo
2.56 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRMP24218768
Originating Board California Regional MLS
Year Built 2007
Lot Size 2.559 Acres
Property Description
Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of: - 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft - 20 two-bedroom, 1.5-bath units at approximately 900 sqft With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a sho
Location
State CA
County Fresno
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Pool None
Building
Lot Description Corners Marked, Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 03323423S
Special Listing Condition Not Applicable
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Listed by Dylan Shull • Concierge Real Estate Services, Inc.
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037