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$ 950,000
Est. payment /mo
New
922 L Street Sanger, CA 93657
12 Beds
6 Baths
4,140 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $229
MLS Listing ID 652444
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1959
Lot Size 0.430 Acres
Property Sub-Type Multi Family
Property Description
Offered at a 7.37% cap rate, the property pairs limited expense risk with minimal near-term capital needs and a layout that supports premium rents. Tenants pay 100% of their utilities sewer, water, and trash included an uncommon arrangement that shields ownership from expense creep and keeps the operating expense load exceptionally low. Ownership has recently completed extensive updates, including brand-new AC mini-splits, updated interiors with new fixtures and finishes, new electrical panels, and new appliances, significantly reducing a buyer's exposure to near-term capital expenditures. Each unit is also its own standalone building with space between neighboring units, offering tenants more privacy and less noise with no shared walls a desirable layout that helps sustain above-market rents.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Laundry In Unit
Exterior
Parking Features Open
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Sanger
Listed by Visintainer Group