Upgraded units / 25 Units for Sale | 342-352 S Blackstone St
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Upgraded units / 25 Units for Sale 342-352 S Blackstone St
24 Unit Apartment Building $5,336,597 CAD ($222,358 CAD/Unit) 5.91% Cap Rate Tulare, CA 93274
Investment Highlights
- 100% Occupied, ownership just spent $450,000 to upgrade complex.
- 17,780 Square Feet of Buildings
- (25) Units / (4) 1 Bed 1 Bath / (19) 2 Bed 1 Bath /(1) 3 Bed 1 Bath / (1) Studio Unit
- Many Renovations in 2014, 2019 & 2024
Executive Summary
25 Units / 4 Buildings 1.8 acre land parcel.
25 units with laundry onsite that has been recently installed. There are 21 carport parking spots & one 2 car garage.
The whole complex has been renovated. Current owner has spent $450,000 on upgrading the complex.
New flooring, granite countertops in the kitchen/bathroom suites, new dual-pane windows, repainting inside/outside, new electric sub-panels, and security system have been installed.
Complex consists of four buildings as follows...
Building 1 - two story building with 12 x 2 bedroom, 1 bath units and 4 x 1 bedroom, 1 bath. Laundry onsite.
Building 2 - fourplex single story building with 3 x 2 bedroom, 1 bath units. Hook-up laundry. 1 studio apartment as well.
Building 3 - triplex single story building with 3 x 2 bedroom, 1 bath units. Hook-up laundry.
Building 4 - duplex building with 1 x 2 bedroom, 1 bath units and hook-up laundry. Additionally, the building contains 1 x 3 bedroom, 1 bath with a hook-up laundry and 2 car garage.
Complex has large yard is onsite that is currently used as a public space for tenants. This can be utilized for construction of new units. Zoning may allow additional 12 –14 units to be built. Buyer needs to verify with City
25 units with laundry onsite that has been recently installed. There are 21 carport parking spots & one 2 car garage.
The whole complex has been renovated. Current owner has spent $450,000 on upgrading the complex.
New flooring, granite countertops in the kitchen/bathroom suites, new dual-pane windows, repainting inside/outside, new electric sub-panels, and security system have been installed.
Complex consists of four buildings as follows...
Building 1 - two story building with 12 x 2 bedroom, 1 bath units and 4 x 1 bedroom, 1 bath. Laundry onsite.
Building 2 - fourplex single story building with 3 x 2 bedroom, 1 bath units. Hook-up laundry. 1 studio apartment as well.
Building 3 - triplex single story building with 3 x 2 bedroom, 1 bath units. Hook-up laundry.
Building 4 - duplex building with 1 x 2 bedroom, 1 bath units and hook-up laundry. Additionally, the building contains 1 x 3 bedroom, 1 bath with a hook-up laundry and 2 car garage.
Complex has large yard is onsite that is currently used as a public space for tenants. This can be utilized for construction of new units. Zoning may allow additional 12 –14 units to be built. Buyer needs to verify with City
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 540 |
| 2+1 | 18 | - | 780 |
| 2+1.5 | 2 | - | 800 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,576,356 CAD | |
| Land Assessment | $745,611 CAD | Total Assessment | $2,321,967 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$745,611 CAD
Improvements Assessment
$1,576,356 CAD
Total Assessment
$2,321,967 CAD
zoning
| Zoning Code | RM3 (multi-unit buildings) |
| RM3 (multi-unit buildings) |
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Upgraded units / 25 Units for Sale | 342-352 S Blackstone St
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