San Joaquin, CA 93660,8541 Deep ST
San Joaquin, CA 93660,8541 Deep ST
San Joaquin, CA 93660,8541 Deep ST
Additional details
$6,400,000
Est. payment /mo
2.56 Acres Lot
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UPDATED:

12/05/2024 05:17 AM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

MLS Listing ID MP24218768

HOA Y/N No

Year Built 2007

Lot Size 2.559 Acres

Property Description

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%!

APNs

Location

State CA

County Fresno

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Fence Wood

Pool None

Community Features Biking, Curbs, Park, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description Corner Lot, Cul-De-Sac, Front Yard, Garden, Lawn, Lot Over 40000 Sqft, Landscaped, Street Level, Yard

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 03323423S

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Dylan Shull • Concierge Real Estate Services, Inc. • 209-628-1407

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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