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240 E Hanford Armona Road , A-E

Hanford, CA 93230
  • $665,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 623704
$665,000
  • 5
    BEDS
  • 0.98
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,520
    SQFT
  • $264
    $/SQFT
Neighborhood:
230
Type:
Multi-Family
Built:
1965
County:
Area:
230

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Exceptional investment opportunity in Hanford! This fully remodeled 5-unit apartment building features one-bedroom units with modern upgrades, including a brand-new roof and updated interiors. Each unit will be ready for occupancy by early February, perfectly timed for prospective tenants. Current rental market rates for one-bedroom apartments in Hanford average $1,200, offering excellent income potential. Located in a desirable area, this property is ideal for attracting reliable tenants. Whether you're an investor looking to expand your portfolio or seeking steady rental income, this property is ready to deliver. Situated on an expansive nearly one-acre lot, this property also offers outstanding potential to build an additional 9-10 units on the vacant portion, significantly increasing your ROI.Don't miss out!

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© 2025 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2025-02-07T23:47:02.113.
www.yourfresnorealty.com/homes/159673862
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240 E Hanford Armona Road , A-E Hanford, CA 93230

  • Price: $665,000
  • Status: Active
  • On Site: 15 Days
  • ID#: 623704
5
Beds
5
Baths
0
½ Baths
0.98
Acres
2,520
SQFT
$264
$/SQFT
1965
Built
Neighborhood:
230
County:
Kings
Area:
230
Elementary School:
Lincoln
Middle School:
John F. Kennedy
High School:
Hanford
School District:
Hanford Schools
Property Description
Exceptional investment opportunity in Hanford! This fully remodeled 5-unit apartment building features one-bedroom units with modern upgrades, including a brand-new roof and updated interiors. Each unit will be ready for occupancy by early February, perfectly timed for prospective tenants. Current rental market rates for one-bedroom apartments in Hanford average $1,200, offering excellent income potential. Located in a desirable area, this property is ideal for attracting reliable tenants. Whether you're an investor looking to expand your portfolio or seeking steady rental income, this property is ready to deliver. Situated on an expansive nearly one-acre lot, this property also offers outstanding potential to build an additional 9-10 units on the vacant portion, significantly increasing your ROI.Don't miss out!
Exterior Features

Exterior Stucco Parking UncoveredMore than One Space Region Suburban Roofing Composition

Interior Features

Disabled Features Hand Rails Dishwasher None Disposal All units Fireplace None Floor Both Heating And Cooling Window or Wall A/C Refrigerator None Stories One Stove All units

Property Features

Annual Expense 7980.00 Annual Income 72000.00 Cross Street Address Harris St. Documents Available Roof InspectionPest Expenses Include Maintenance/RepairInsuranceWaterSewerTaxes First Loan Type Free & Clear Gas And Electric Public UtilitiesNatural Gas Income Includes Unit Rent Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 64020.00 Property Subtype1 5 to 15 Units Reo Or Bank Owned No Sale Options Total Parcel Only Sewer Water Public WaterDomestic Water Special Features Private Patios Square Footage Source Tax Records Tenant Pays ElectricityGasCable TV Terms ConventionalCash Transaction Type Sale

Listing provided courtesy of Jamal Elhably of eXp Realty of Northern Califor: ca.north@exprealty.net;888-832-7179.


© 2025 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2025-02-07T23:47:02.113.
 
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