751 Kruger Avenue

Description

Prime Investment Opportunity in Hanford, CA Unlock the potential of this exceptional investment opportunity in Hanford, California. This property, zoned for Mixed Use and fully approved for Single Family Residential Units by the City of Hanford, offers a versatile venture for savvy investors. Property Highlights: Three APNs: The property spans three Assessor's Parcel Numbers (APNs), with two existing structures and one vacant lot. Structure One: Ready to be transformed into a spacious 4-bedroom, 2-bathroom Single Family Residence (SFR) with an attached 2-bedroom, 1-bathroom Accessory Dwelling Unit (ADU). Structure Two: Set to be converted into a 4-bedroom, 2-bathroom SFR on its own APN. Vacant Lot: The third APN offers flexibility. It can accommodate a similar-sized building as the first structure (SFR & ADU) or potentially be split into two lots for additional SFR development. Development Status: Construction Progress: Framing is completed for both SFRs, with architectural plans approved by the city. The ADU remains to be framed. Permits: All necessary permits have been approved and are ready for payment, streamlining the path to completion. Financial Potential: Rental Income: According to the Hanford Housing Authority, a 4-bedroom SFR can yield $1,800 to $2,000 per month, while a 2-bedroom unit can generate $1,200 to $1,500 monthly. Seller Incentives: Motivated Seller: The seller is eager to close and is willing to carry the note, offering flexible financing options for interested buyers. This property presents an unparalleled opportunity for investors looking to capitalize on the growing demand for residential housing in Hanford while benefiting from mixed-use zoning. With all approvals in place and significant construction progress made, this investment is poised for success. Don't miss out on this chance to expand your portfolio with a high-potential asset.