8541 Deep Street
Description
- 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft
- 20 two-bedroom, 1.5-bath units at approximately 900 sqft
With each unit assigned its own...Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of:
- 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft
- 20 two-bedroom, 1.5-bath units at approximately 900 sqft
With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a short drive. Don’t miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%! APNs
- Listed by Dylan Shull • DRE #02230074 • Brokerage DRE #02086852 • Concierge Real Estate Services, Inc. • 209-628-1407
Property Details for 8541 Deep Street
Property Details for 8541 Deep Street
| Status | Active |
|---|---|
| MLS # | MP24218768 |
| Days on Market | 29 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Condominium |
| Year Built | 2007 |
| County | Fresno County |
Building Information for 8541 Deep Street
Property Information for 8541 Deep Street
- Gross Income: $511,380
- Gross Scheduled Income: $511,380
- Net Operating Income: $434,673
- Number Of Rented Garages: 0
- Operating Expense: $76,707
- Operating Expense Percent: 15.00%
- Fuel Expense: $0
- Electric Expense: $300
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $600
- Water Sewer Expense: $0
- Total Expenses: $900
- Tax Tract Number: 5814
- Tax Census Tract: 82.00
- Tax Lot: 39
- Community Features: Biking, Curbs, Park, Sidewalks
- Room Type: Kitchen, Laundry, Living Room
- Laundry: Yes
- Laundry Features: Inside
- Cooling: Central Air
- Heating: Central
- Construction Materials: Drywall Walls
- Entry Location: From Main street
- Fence: Yes
- Fencing: Wood
- Foundation Details: Slab
- Pool Features: None
- Additional Parcels Description: See Description
- Lot Features: Corner Lot, Cul-De-Sac, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot Over 40000 Sqft, Yard
- Land Lease: No
- Levels: Two
- Sewer: Public Sewer
- Utilities: Electricity Connected, Sewer Connected, Water Connected
- Water Source: Public
- Garage Spaces: 0
- Unit Type Units Total: 42
- Unit Type Beds Total: 106
- Unit Type Baths Total: 0
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $511,380
- Unit Type Total Rent: $511,380
- Unit Type Pro Forma: 696000
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 13
- Number Of Separate Electric Meters: 45
- Number Of Separate Gas Meters: 42
- Number Of Separate Water Meters: 45
Property History for 8541 Deep Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8541 Deep Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
San Joaquin Elementary School PublicK to 8 | ||
Tranquillity High School Public9 to 12 | ||
Tranquillity Elementary School PublicK to 8 | ||
Helm Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Concierge Real Estate Services, Inc.
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.