Multifamily Property For Sale- Central CA
I am selling my property...which means I am the owner!
The property consist of three- 2bd/1ba, four-1bd/1b and a 1100 sqft SFR. This is all one property, one parcel. Gross income $5850/mo...asking $620K. This is a 6.9% cap rate, with plenty of upside. There is plenty of new development in the neighborhood.
Property is located in Visalia CA, centrally located between Fresno and Bakersfield CA. Nice community, 125K+ population, Sequoia National forest 2 hr drive and LA and SF a 3hr drive.
Address is 4406 W. Myrtle Ave and 4350 W. Myrtle Ave, Visalia CA 9377
8 units...$620K, gross income $5850/mo, approx 37-40% expense ratio, with 3% vacancy rate.
Onsite laundry, carport parking, mature landscaping, new fencing, units are all rented!
I have marketing package available...if interested please contact me. Lastly, brokers and agents, I will cooperate with your brokerage and pay commission for buyer side. I do not need a listing agent, have one already!
Please do not contact me wanting to list my property. Thank you.