$1,400,000
$1,549,900
9.7%For more information regarding the value of a property, please contact us for a free consultation.
850 E Merritt AVE Tulare, CA 93274
8,672 SqFt
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,672 sqft
Price per Sqft $161
MLS Listing ID OC22143484
Sold Date 08/29/22
HOA Y/N No
Year Built 1973
Annual Tax Amount $6,920
Lot Size 0.635 Acres
Property Description
Enormous upside here. 8 single story units across 2 lots. All Units are 2bd 2ba with attached 1 car garages, 1 uncovered space, inside laundry, patio and yards. Rents are beneath market rate, with long term tenants on month-to-month leases. On-site manager receives $150/mo discount on rent for his unit. Location is phenomenal. Walking distance to several medical facilities and shopping. Amazing income property, that has been very well maintained, but that still has upside for a landlord willing to add value.
Location
State CA
County Tulare
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Garage Door-Single, Garage, Off Street
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Parking Type Door-Single, Garage, Off Street
Total Parking Spaces 18
Private Pool No
Building
Lot Description Landscaped
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 170340008000
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Blake Shawn • Cornerstone Real Estate Professionals, Inc.