Description

I have a 4 Plex + House on one lot/APN in Hanford

It is located on a corner lot, on 301 E. Myrtle Hanford Ca

4 Plex is 4 bed/4bath
Rents are:
$500
$450
$400
$360

2bed/1 bath House rents for $550
=============================

$2,260.00 per month

$27,120.00 Annual Income


I think there is room for increasing rent to $525 per unit and another $150 on the house. So another $540 per month is reasonable. To take you to annual income of $33,600.00


I have attached some pictures of the exterior. I think a stucco job and windows would turn this place into a really good looking property. The seller says he has updated the interior of the units but have not been inside.


The units are separately metered for gas & electric and the house has its own meter for gas & electric.


The 4plex has one water heater for all of the units so the landlord does pay for the gas utility bill only. Water, sewer, trash is also his expense.


I have attached some photos for you to look at. Its ready to go.


I think the value of the house is 60k and the value of the 4 plex is $180,000 so approx $240,000.00


I am selling for 198k...



I dont think that you would have to do much other than do a quick stucco job on the exterior and maybe some windows...it would really make the place stand out...then maybe 55k door is something you could get for it...so 275k




Property Details

Property Status Expired
Location 301 E Myrtle St, Hanford, CA 93230, USA
Price $198,000
Estimated Repairs $0
Square Footage 2160
Sq Footage Source
# of Units
Property Management In Place
Seller Financing Available
Publish Date November 8th, 2016

Seller Information

Matt Garabedian

Clovis, California
Member since November 2016

Real Estate Business Builder, Entrepreneur, Wholesale Machine!


Property Map

Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.