For Sale
$425,000

1210 Green St Hanford, CA 93230

1955 Triplex, 100% Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This Hanford, CA triplex presents a compelling investment opportunity. Built in 1955, this single-story, 2,207 square foot property sits on a 10,019 square foot lot (APN 010113011000) and boasts a current 4.39% cap rate, with a pro-forma cap rate of 4.83%. The property features three units, each with a private yard and carport, and is currently 100% occupied. Two units are Section 8, with tenants residing for over 12-17 years, offering significant rental stability. Rent increases for 2025 have already been implemented for two units. The property enjoys separately metered gas and electric for each unit, contributing to efficient utility management. The asking price is $425,000, translating to a price per square foot of $148,333. The current Net Operating Income (NOI) is $18,642, projected to increase to $20,520. The property's well-maintained condition, long-term tenants, and potential for increased income make it an attractive prospect for owner-user financing. The clean fences and common areas further enhance the property's appeal. This is a rare opportunity to acquire a stable, cash-flowing multifamily property in a desirable location.

Highlights

  • $425,000 asking price for this Hanford, CA triplex.
  • Multifamily investment opportunity with a 4.39% cap rate and a pro-forma cap rate of 4.83%.
  • 100% occupancy with a current NOI of $18,642 and a pro-forma NOI of $20,520.
  • 2,207 square feet on a 10,019 square foot lot, built in 1955.
  • Property features three units, each with a private yard and carport, and separately metered utilities.
  • Two units are Section 8 with long-term tenants.

Property Details for 1210 Green St

Property type
Apartment buildings
Square Feet
2,207 SF
Class
D
Year Built
1955
Stories
1

Location Insight

City
Hanford
County
Kings
State
California
Latitude
36.337675251437
Longitude
-119.64112681879

FAQs

What type of property is this?
Apartment building - 1955 Triplex, 100% Occupancy
Where is the apartment building located?
The property is located at 1210 Green St Hanford, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price for this Hanford, CA triplex.; Multifamily investment opportunity with a 4.39% cap rate and a pro-forma cap rate of 4.83%.; 100% occupancy with a current NOI of $18,642 and a pro-forma NOI of $20,520.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1210 Green St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message