Positioned in a highly desirable location near the heart of downtown Bishop, this 7-unit residential income property offers an exceptional opportunity for investors seeking strong cash flow and long-term upside.The property features three separate buildings, including a 3-bedroom single-family house with carport, two 3-bedroom apartments, and four 2-bedroom apartments. With 100% occupancy, this asset delivers immediate, consistent income from day one.Tenants enjoy the convenience of an on-site laundry room, parking for up to 12 vehicles, and fenced yards. Its proximity to downtown Bishop provides walkable access to shopping, dining, and local amenities, enhancing tenant retention and rental demand.This is a rare opportunity to acquire a fully stabilized, multi-building investment property in a supply-constrained market known for strong rental demand. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this property offers both solid current returns and future appreciation potential.
Bishop is located in California. Bishop, California has a population of 3,800. Bishop is more family-centric than the surrounding county with 22.33% of the households containing married families with children. The county average for households married with children is 21.96%.
The median household income in Bishop, California is $71,927. The median household income for the surrounding county is $60,925 compared to the national median of $69,021. The median age of people living in Bishop is 50.2 years.
The average high temperature in July is 96.1 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 5.4 inches per year, with 8 inches of snow per year.
