Eleanor Janca - Commercial Real Estate Showcase

Eleanor Janca Property Listings
Modern Broker Inc
119-121 E Main St
Visalia, CA 93291

116 W Race Avenue - 8 Plex-Tulare County,Visalia,CA

Visalia, CA 93291 - East Visalia MF Submarket

Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:-
Stories:1 Building Size:6,362 SF Land Area:-
For Sale Price:$479,000 Price/Unit:$59,875.00 Cap Rate:- GRM:-


Sale Notes:
Great Opportunity 8-Plex fully occupied receiving $5,270 per month($63240 yr) all on one APN #. 2 4-Plex Town Homes. One 4 unit with 3 Bdrms 1.5 Baths, and the other 4 Unit has 2 Bdrms, 1.5 Baths. (total of 20 Bdrms, 12 Bathrooms) Each unit having their own laundry hooks. Built in 1971, Evap coolers, some window a/c & wall heaters. Carports, Zoned C-DT Downtown Commercial, capability for Downtown Mixed Use.Cap Rate of 11.83%, but using the 5% less formula (for vacancy factor), Cap Rate would be 12.84%
Central California, In the San Joaquin Valley, Within Tulare County. Centrally located in Visalia. Close to Downtown shopping, restaurants, public transportation & Library.

Modern Broker Inc
Eleanor Janca
(559) 736-0189

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