150 N Acacia Ave - Apartments FOR SALE


Ripon, CA 95366
$925,000 USD
209-556-8459
150 N Acacia Ave, Ripon, CA for Sale
$925,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

150 N Acacia Ave
Ripon, CA 95366


HIGHLIGHTS

  • Located in the highly desirable city of Ripon.
  • Large home and duplex.
  • Walking distance to downtown and schools.
  • Property Cash Flows $5,600 Gross Income Per Month

OVERVIEW

Exceptional opportunity to own a rare 3-unit property in the heart of Ripon! Currently grossing $5,800 per month! Ideally located with the elementary and high schools directly across the street and within walking distance to downtown Ripon, this versatile property offers strong rental appeal, long-term appreciation, and an ideal setup for owner-occupancy. The property consists of a single-story single-family residence plus a duplex, totaling three units. Unit 1 is a spacious 3-bedroom, 2-bath home offering approximately 1,500 square feet of living space. This home features updated luxury vinyl plank flooring throughout the main living areas, updated ceiling fans, and a remodeled kitchen with white cabinetry, granite countertops, and stainless-steel appliances. Additional highlights include an inside laundry room, a well-appointed primary suite with private vanity and shower, and two front bedrooms connected by a full Jack-and-Jill bathroom. The home also offers a private side yard and an oversized detached garage, providing excellent storage and parking. Units 2 and 3 make up the duplex and are each approximately 900 square feet, featuring 2 bedrooms, 1 bathroom, indoor laundry, and good-sized private yard space. In addition, the duplex units share covered parking and a common recreation space, enhancing functionality and tenant appeal. Each unit is separately livable with desirable layouts and outdoor access. With three separate units, multiple yard areas, covered parking, on-site laundry, and a prime central Ripon location, this property presents a rare opportunity for investors seeking a stable income property or buyers looking to live in one unit while generating rental income from the others. Convenient access to schools, shopping, dining, and community amenities makes this an outstanding long-term investment.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

3

PRICE/UNIT

$308,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ripon 3 Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

259-060-54

ASK ABOUT THIS PROPERTY

Eric HummelEric Hummel - HomeSmartMore Info
209-556-8459

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Eric HummelEric Hummel - HomeSmartMore Info
209-556-8459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.