25 unit apartment complex close to schools, shopping and public transportation. Rents have room for increases and property has undergone renovations in 2024 with previous owner (over $450K in upgrades). New flooring, granite countertops in kitchen/bathroom suites, new dual-paned windows, repainted inside and outside, new electric sub-panels and security systems ahve been installed. On-site laundry can bring in additional revenue (not included in pro-forma). There is a large yard area that is currently used as a shared open space for tenants that can be utilized for construction of 12-14 new units (buyer to verify with City of Tulare). Eight units are upstairs inmain building and remaining units downstairs or in single level buildings. One building is a duplex that contains a 3/1 unit with indoor laundry hook-up and 2 car garage (possibly for in-site manager at reduced rent). With a proposed CAP of 6.35, this gives a nice return and still has upside potential with a few additional cosmetic improvements. Perfect investment for mid-sized investors and for 1031 exchanges. full 25 unit list available, please contact listing agent for remaining units.
Ideal duplex for an investor looking to gain some cash flow. This property consists of a 2/1 bath unit and the other 1/1 bath unit. Both units are currently rented and remain rented year after year. They are walking distance from Tulare Union High School, shopping and fast food restaurants. This place is also a few minutes from HWY 99. Please call today for more details.
Two homes on one large lot, 10,950 sq ft. Ideal for large family or investment.. One house has 2 bed, 1 bath, and the other is 3 bedrooms 2 bath. Both properties have potential for upside in rents. Call today for more details.
Tulare is located in California. Tulare, California has a population of 68,395. Tulare is more family-centric than the surrounding county with 38.26% of the households containing married families with children. The county average for households married with children is 35.11%.
The median household income in Tulare, California is $62,050. The median household income for the surrounding county is $57,394 compared to the national median of $69,021. The median age of people living in Tulare is 28 years.
The average high temperature in July is 95.9 degrees, with an average low temperature in January of 37.3 degrees. The average rainfall is approximately 9.6 inches per year, with 0.1 inches of snow per year.
