8541 Deep ST Active Save Request In-Person Tour Request Virtual Tour
San Joaquin,CA 93660
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 44,320 sqft
Price per Sqft $144
MLS Listing ID MP24218768
HOA Y/N No
Year Built 2007
Lot Size 2.559 Acres
Acres 2.559
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
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
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