This is an 8 unit property with four separate buildings and is situated within a half mile of Highway 99. The property has two duplexes, one triplex, and one single family home. Each unit is a 2-bedroom, 1-bath and comes equipped with in-unit washer and dryer hookups. Tenants are within half a mile of Don Pedro Elementary School, Central Valley High School, and have a local grocery store within walking distance. The City of Ceres is well located and provides residents with easy access to the valley's main corridor, Highway 99, and offers a quaint Downtown with local shops and restaurants. Rents on this property are approximately 20% below market. When combined with utility bill back opportunity, this property offers significant buyer upside. This is a great, well-priced opportunity for an investor looking to grow their multifamily portfolio.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2020 MetroList Services, Inc.
Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.
Listing information last updated on April 9th, 2020 at 6:51pm PDT.