340 N K Street

Description

FOR SALE; Multi-family income producing newly updated property in Dinuba. Unique investment opportunity consisting of three total units. One main single family home in the front of the property and a duplex located in the back of the property on a 7.500 sq ft lot. The single family front house is a 2 bedroom / 1 bathroom (+den) unit totaling 1,018 square feet (currently owner occupied, has potential to receive up to $2,500 rent). The front house has an oversized carport and lots of storage space throughout. The duplex consists of a 3 bedroom / 1 bathroom unit (800 sq feet) that rents for $2,000. And a 2 bedroom / 1 bathroom unit (700 sq feet) that rents for $1,400. The back duplex offers a two car garage, which has the potential to be converted to an additional 4th unit (ADU). Currently on the utilities the landlord pays the water utility monthly (one city meter for all 3 units together), gas utility monthly (2 meters between the front single unit and the back 2 units), and the trash utilities monthly for the property. While the current tenants are responsible for their individual monthly electrical expenses (separate electrical meters for all 3 units). Between the structures is an Inviting and secluded open courtyard between the front and back units to spend quality outdoor time. The front unit was built in 1922 while the back two units were built in 1953. The property has a new roof which was installed in 2023. The property is centralized in town and is within close proximity to schools, restaurants, parks, and stores. Schedule to view this property in person today and take advantage of such a high rental demand area.