$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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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! "
1610 R Street, Sacramento, California, 95811, United States