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Natalie Miranda
marketing@thewhipplegroup.com$ 949,000
Est. payment | /mo
3,574 SqFt
$ 949,000
Est. payment | /mo
3,574 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,574 sqft
Price per Sqft $265
MLS Listing ID ML82005654
HOA Y/N No
Year Built 1992
Annual Tax Amount $4,400
Lot Size 0.434 Acres
Property Sub-Type Quadruplex
Property Description
cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate.
Location
State CA
County Stanislaus
Area 699 - Not Defined
Zoning residential
Interior
Heating Central, Wall Furnace
Cooling Central Air
Fireplace No
Exterior
Carport Spaces 8
View Y/N No
Roof Type Composition
Building
Story 1
Foundation Concrete Perimeter
Schools
School District Other
Others
Tax ID 030013086000
Special Listing Condition Standard
Listed by Sam Roham • Alliant Real Estate And Financial Services Inc.
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Natalie Miranda
Marketing Director | License ID: 02122928