San Joaquin CA Multi Family for Sale
$6,400,000
8541 Deep Street San Joaquin, CA 93660
- Type:
- Condo
- Sq.Ft.:
- 44,320
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.56 Acres
- Year built:
- 2007
- Baths:
- MLS#:
- MP24218768
ADDITIONAL INFORMATION
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
San Joaquin Real Estate
The median home value in San Joaquin, CA is $417,500. This is higher than the county median home value of $350,200. The national median home value is $338,100. The average price of homes sold in San Joaquin, CA is $417,500. Approximately 38.23% of San Joaquin homes are owned, compared to 55.52% rented, while 6.26% are vacant. San Joaquin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a San Joaquin real estate agent to arrange a tour today!
San Joaquin, California has a population of 3,743. San Joaquin is more family-centric than the surrounding county with 53.83% of the households containing married families with children. The county average for households married with children is 32.95%.
The median household income in San Joaquin, California is $38,878. The median household income for the surrounding county is $61,276 compared to the national median of $69,021. The median age of people living in San Joaquin is 24.4 years.
San Joaquin Weather
The average high temperature in July is 96.5 degrees, with an average low temperature in January of 37.2 degrees. The average rainfall is approximately 9.4 inches per year, with 0 inches of snow per year.