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Listed by Dylan Shull • Concierge Real Estate Services, Inc.
$ 6,400,000
Est. payment | /mo
44,320 SqFt
$ 6,400,000
Est. payment | /mo
44,320 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 44,320 sqft
Price per Sqft $144
MLS Listing ID CRMP24218768
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2007
Lot Size 2.559 Acres
Property Sub-Type Other
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 short drive. Don
Location
State CA
County Fresno
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Inside
Building
Lot Description Corner Lot, Cul-De-Sac, Level, Other, Front Yard, Garden
Water Public
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