340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
340-352 S Blackstone Street, Tulare, CA 93274
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Richard Flores

Richard Flores

+1(559) 799-7040
$ 3,750,000
Est. payment | /mo

28 Beds

15 Baths

17,780 SqFt

Save
$ 3,750,000
Est. payment | /mo
Save

28 Beds

15 Baths

17,780 SqFt

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

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

Nearby Locations

Richard Flores

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 799-7040

richardfrealtor@gmail.com

123 N Stevenson St, Visalia, CA 93291, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Richard Flores, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

340-352 S Blackstone Street