Investor Special! Duplex (Units 208 & 210) with 1,834 sq ft on a 12,000 sq ft lot. Fixer-upper priced at $199,900 with a potential ARV of $450K and potential annual rents of $43,200. Lot may accommodate up to 4 additional units, offering development upside. Bring your contractor and your vision. Cash buyers only due to condition. First come, first served. See it and make your offer today! Buyer to verify zoning, rents, ARV, and development potential.
Offered at a 8.11% cap rate, the property pairs limited expense risk with minimal near-term capital needs and a layout that supports premium rents. Tenants pay 100% of their utilities, sewer, water, and trash included, an uncommon arrangement that shields ownership from expense creep and keeps the operating expense load exceptionally low. Ownership has recently completed extensive updates, including brand-new AC mini-splits, updated interiors with new fixtures and finishes, new electrical panels, and new appliances, significantly reducing a buyer's exposure to near-term capital expenditures. Each unit is also its own standalone building with space between neighboring units, offering tenants more privacy and less noise with no shared walls a desirable layout that helps sustain above-market rents.
Sanger is located in California. Sanger, California has a population of 26,424. Sanger is less family-centric than the surrounding county with 32.4% of the households containing married families with children. The county average for households married with children is 32.95%.
The median household income in Sanger, California is $59,650. 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 Sanger is 31.7 years.
The average high temperature in July is 98.2 degrees, with an average low temperature in January of 38 degrees. The average rainfall is approximately 14.5 inches per year, with 0 inches of snow per year.
