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 sqftWith 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. Dont miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%!APNs
School Ratings & Info
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 sqftWith 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. Dont miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%!APNs
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-10T22:27:47.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.