Residential Income - 1763 Woodland Drive, Hanford, CA

Description

TURNKEY 3-PLEX INVESTMENT — EXTENSIVELY RENOVATED *Needs to be sold with neighboring 3 plex 1763, 1765, 1767 Woodland Dr) *This property and neighboring 4 plex Excellent opportunity to own a professionally maintained, income-producing 3-plex that is about as close to new as you can get without buying new construction. This property underwent an extensive down-to-the-studs renovation in 2018, with virtually every major component replaced or upgraded. Improvements included: New electrical New insulation and drywall New interior and exterior paint New HVAC systems 30-year composition roof New cabinets and granite countertops New tubs and bathroom finishes New interior and exterior doors Digital door hardware Hardwired smoke and carbon monoxide detectors LED recessed lighting Ceiling fans in every room Dual-pane Low-E windows Faux wood blinds Updated appliances Tile flooring in kitchens and bathrooms Luxury vinyl plank flooring in living areas and bedrooms Renovated landscaping with new sprinkler piping and valves The property also features a coin-operated laundry room with two washers and two dryers, providing an additional amenity for tenants and potential supplemental income. Each unit includes a generously sized, private fenced rear patio, giving tenants valuable outdoor living space that is difficult to find in many multifamily properties. The property has an established rental history with long-term tenants on revolving one-year leases, with the exception of one recently leased unit. The property has been well cared for and is occupied by reliable tenants with a strong history of paying rent on time. The listing photos shown are from the recently available unit and were taken prior to the new tenant moving in, providing a great representation of the condition and finishes of the property. EXTENSIVELY RENOVATED • LONG-TERM TENANTS • TURNKEY 3-PLEX THAT IS PAIRED WITH THE NEIGHBORING TURN KEY 4-PLEX An outstanding opportunity for an investor looking for a clean, stabilized multifamily property with extensive improvements already completed and strong existing rental income.

Property details

Location

1763 Woodland Drive • Hanford, CA 93230

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