340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
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Candie Barnhart

Candie Barnhart

+1(559) 816-0464
$3,750,000
Est. payment /mo
28 Beds
15 Baths
17,780 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,780 sqft

Price per Sqft $210

MLS Listing ID 244113

Bedrooms 28

Year Built 1961

Lot Size 1.800 Acres

Property Sub-Type Multi Family

Property Description

25 unit apartment complex close to schools, shopping and public transportation. Rents have room for increases and property has undergone renovations in 2024 with previous owner (over $450K in upgrades). New flooring, granite countertops in kitchen/bathroom suites, new dual-paned windows, repainted inside and outside, new electric sub-panels and security systems ahve been installed. On-site laundry can bring in additional revenue (not included in pro-forma). There is a large yard area that is currently used as a shared open space for tenants that can be utilized for construction of 12-14 new units (buyer to verify with City of Tulare). Eight units are upstairs inmain building and remaining units downstairs or in single level buildings. One building is a duplex that contains a 3/1 unit with indoor laundry hook-up and 2 car garage (possibly for in-site manager at reduced rent). With a proposed CAP of 6.35, this gives a nice return and still has upside potential with a few additional cosmetic improvements. Perfect investment for mid-sized investors and for 1031 exchanges. full 25 unit list available, please contact listing agent for remaining units.

Location

State CA

County Tulare

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Gas, Separate Meters, Wall/Window Unit(s)

Laundry Common Area

Exterior

Parking Features Asphalt

Garage Spaces 2.0

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Satellite TV, Sewer Connected, Water Connected

View Y/N N

Roof Type Composition

Building

Story 2

Sewer Public Sewer

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Tulare County MLS (TCMLS)
Listed by Randy E Tellalian • Randy Tellalian, Broker

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Candie Barnhart

Candie Barnhart

+1(559) 816-0464

Agent DRE# 02177449

Agent DRE# 02177449

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