$775,000
$849,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 07/15/2019
Key Details
Sold Price $775,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81742660
Sold Date 07/15/19
HOA Y/N No
Year Built 1904
Annual Tax Amount $8,490
Lot Size 0.258 Acres
Property Description
Nice property in Hanford; 5 separate buildings. Total 12 units including a Victorian Triplex. (duplex in back was built in approx. 1972) All 1 bed, 1baths, All in the downtown area of Hanford. Included is a Victorian Triplex, 3 duplexes, and one other triplex. 4 of 5 buildings have newer roofs including the 2000 Sq Ft.Victorian. The 1 duplex roof still has many years left. Much has been remodeled, some long-term renters. Most units are well below market value yet currently nets aprox 7% to 8% cap rate room for much more. What's great about these units is they rent quick as 8 of 12 of the units are single level with no stairs. This property sits on two separate parcels and can be bought or sold separately. I may consider selling 1 parcel at time depending on price and terms.
Location
State CA
County Kings
Zoning muliti use
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Carport Spaces 5
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 010281002000
Financing Other
Special Listing Condition Standard
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Bought with Mark Daoud • Century 21 Showcase Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
24251 Town Center Dr Suite 201, Valencia, California, 91355, United States