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The Elite Team powered by IBN DRE#02343802
1031 E Tulare Road, Lindsay, CA 93247
- $2,117,000
- 27
- BD
- 14
- BA
- 11,881
- SqFt
- List Price
- $2,117,000
- Days on Market
- 8
- Status
- ACTIVE
- MLS#
- 244950
- Bedrooms
- 27
- Bathrooms
- 14
- Living Area
- 11,881
- Lot Size (Acres)
- 1.15
- Year Built
- 1961
Property Description
Rare opportunity to purchase a 14-unit Lindsay multifamily property. 5x units have been updated. All units have mini split air conditioning, tenants have individually-metered electricity. Stable tenants with avg stay of 20.1 months. The three vacant units are currently being advertised for rent at market rates. Operating expenses include updated property taxes, professional property management, insurance, repairs and maintenance. 6.9% cap rate supports $1.5M loan amount. Contact listing agent for Offering Memorandum. Rent roll continued: Unit 9: 2/1 850 sf leased $1,650 includes $75/water Unit 10: 2/1 850 sf. Listed for rent $1,210. Unit 11: 2/1 850 sf leased $1,652 includes $75/water. Numbered #13. Unit 12: 2/1 850 sf. Listed for rent $1,210. Numbered #14. Unit 13: 2/1 850 sf leased $1,650 includes $75/water. Numbered #15. Unit 14: 2/1 850 sf. Listed for rent $1,210. Numbered #16. Please contact listing agent with any questions, very approachable.
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Additional Information
- Area
- Lindsay
- Acres
- 1.15
- Lot Features
- Level, Rectangular Lot
- Garage Spaces
- 15
- Exterior Features
- Private Yard
- Heating
- Wall Furnace
- Cooling
- Ductless, Evaporative Cooling
- Utilities
- Electricity Connected, Natural Gas Connected, Water Connected, Sewer Connected
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Jorge Espinoza (espinoza.jorge@icloud.com) from Listing Office: Real Brokerage Technologies.