Hanford, CA 93230,Address not disclosed
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Hanford, CA 93230,Address not disclosed
Hanford, CA 93230,Address not disclosed
Hanford, CA 93230,Address not disclosed
Hanford, CA 93230,Address not disclosed

$775,000

Est. payment /mo

$849,000

8.7%
Est.Price: ?

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Address not disclosed Hanford, CA 93230

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

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California Regional MLS (CRMLS)
Listed by Mark Daoud • Century 21 Showcase Realtors
Bought with Mark Daoud • Century 21 Showcase Realtors

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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