Offered at a 7.37% 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.
Excellent Triplex Investment Opportunity in Sanger1411 Annadale Ave offers a solid, income-producing asset with all units fully occupied start collecting revenue from day one. Three separate units on one lot in an established area with steady rental demand and convenient access to everyday amenities.This is a straightforward investment with plenty of room to grow. Minimal expenses as each is indiviually metered for water allowing tenants to pay all utilities. Hold as-is for consistent income or explore future rent increases and improvements to boost returns. A great fit for investors looking to add a performing asset in a strong Central Valley market.Opportunities like this don't come around often reach out for details.
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.
