8541 Deep Street

San Joaquin, CA 93660

$6,400,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

2007

calendar_month Built

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

Listing Information

List Price $6,400,000
Status Active
MLS MP24218768
Type Residential Income
Subtype Condominium
Year Built 2007
Lot Size 111,472
Structure Size N/A
DOM 1
Courtesy Of Concierge Real Estate Services, Inc.
Listing Agent Dylan Shull DRE#02230074

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Dylan Shull, Concierge Real Estate Services, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 24th, 2024 at 1:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.