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704 N Lake Street

Madera, CA 93638
  • $1,890,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 578032
UPDATED: 48 min ago
$1,890,000
  • 32
    BEDS
  • 0.55
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 13,478
    SQFT
  • $140
    $/SQFT
Neighborhood:
638
Type:
Multi-Family
Built:
1972
County:
Area:
638

School Information

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

Description

CASH COW! 7.9% GCRHighly desireble and hard find 16 unit apartment complex, all 2 Bedrooms 1 bath in Central Madera. Complex has had good tenancy with very little vacancies. Seller has upgraded 4 of the units for rent imporvements but there is stiill a big area of opportunity. GCR is at 7.9% PFwith the additional income from coin laundry. All Units have covered parking. Seller will collobarete with a 1031 exchange. If you are looking for a solid investment, this may be the one for you.

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© 2022 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: 2022-07-01T09:46:57.113.
www.yourfresnorealty.com/homes/128911029
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704 N Lake Street Madera, CA 93638

  • Price: $1,890,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 48 min ago
  • ID#: 578032
32
Beds
16
Baths
0
½ Baths
0.55
Acres
13,478
SQFT
$140
$/SQFT
1972
Built
Neighborhood:
638
County:
Madera
Area:
638
Elementary School:
La Vina
Middle School:
Thomas Jefferson
High School:
Madera
School District:
Madera Unified
Property Description
CASH COW! 7.9% GCRHighly desireble and hard find 16 unit apartment complex, all 2 Bedrooms 1 bath in Central Madera. Complex has had good tenancy with very little vacancies. Seller has upgraded 4 of the units for rent imporvements but there is stiill a big area of opportunity. GCR is at 7.9% PFwith the additional income from coin laundry. All Units have covered parking. Seller will collobarete with a 1031 exchange. If you are looking for a solid investment, this may be the one for you.
Exterior Features

Exterior StuccoOther Parking CoveredUncovered Region Suburban Roofing CompositionOther Yard Sprinkler - Auto

Interior Features

Fireplace None Floor Concrete Perimeter Heating And Cooling Central Heat/Cool Stories Two

Property Features

Annual Expense 39191.00 Annual Income 149918.00 Cross Street Address Riverside Dr Disclosures Agent/Owner Related Documents Available Cash Flow Analysis Expenses Include ManagementGardenerMaintenence/RepairInsuranceGasElectricWaterSewerTaxes First Loan Type Non-Assumable Gas And Electric Public UtilitiesNatural GasNo Gas Income Includes Unit RentLaundry Lease Type Net Lot Measurement Sqft Lot Size Source (Tax Records) Net Income 110727.00 Property Subtype1 16 Units & More Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Special Features On-Site Manager Square Footage Source Tax Records Tenant Pays All UtilitiesElectricityGasTrash CollectionCable Tv Terms ConventionalCash Transaction Type Sale

Listing provided courtesy of Noor Pandit Sahota of 3D Realty.


© 2022 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: 2022-07-01T09:46:57.113.
 
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