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Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of: - 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft - 20 two-bedroom, 1.5-bath units at approximately 900 sqft With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a short drive. Don’t miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%! APNsPROPERTY FEATURES
Rooms information : Kitchen,Laundry,Living Room
Sewer: Public Sewer
Water Source: Public
Lot Features: Corner Lot,Cul-De-Sac,Front Yard,Garden,Landscaped,Lawn,Level with Street,Lot Over 40000 Sqft,Yard
Fencing: Wood
Number Of Buildings: 13
Parcel Identification Number: 03323423S
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Central
Cooling Type: Central Air
Construction: Drywall Walls
Year Built Source: Estimated
Common Walls: 2+ Common Walls
Laundry Features: Inside
Laundry: Has Laundry
PROPERTY DETAILS
Street Address: 8541 Deep Street
City: San Joaquin
State: California
Postal Code: 93660
County: Fresno
MLS Number: MP24218768
Year Built: 2007
Courtesy of Concierge Real Estate Services, Inc.
City: San Joaquin
State: California
Postal Code: 93660
County: Fresno
MLS Number: MP24218768
Year Built: 2007
Courtesy of Concierge Real Estate Services, Inc.
Courtesy of Concierge Real Estate Services, Inc.
