For Sale
$1,232,164

48951 River Park Rd Oakhurst, CA 93644

Seven-unit apartment building, fully renovated, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 7-unit apartment building in Oakhurst, California, presents a compelling investment opportunity. Located at 48951 River Park Rd, 93644, this stabilized property boasts a total of 7,488 square feet across two stories, situated on a 17,577 square foot lot. Built in 1984 and extensively renovated in 2022, the property features a new roof, concrete parking lot, updated drywall, fixtures, appliances, and fresh paint throughout. The building currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $61,600, resulting in a 5.00% capitalization rate. Each of the seven units commands a price of $176,023.43, contributing to the overall asking price of $1,232,164. The property includes two parking spaces and is identified by APN 066-022-012. This turnkey investment offers a strong return on investment with its high occupancy rate and recent renovations, making it an ideal addition to any portfolio. The property is located in Madera County, California.

Highlights

  • $1,232,164 asking price for a stabilized multifamily investment property.
  • Seven-unit apartment building with 7,488 square feet of net rentable area.
  • $164.55 price per square foot and a 5.00% cap rate.
  • 100% occupancy with a $61,600 net operating income (NOI).
  • Completely remodeled in 2022, including a new roof, parking lot, and interior finishes.
  • Located at 48951 River Park Rd, Oakhurst, CA 93644, on a 17,577 sq ft lot.

Property Details for 48951 River Park Rd

Property type
Apartment buildings
Square Feet
7,488 SF
Year Built/Renovated
1984/2022
Buildings
1
Stories
2
Units
7

Location Insight

City
Oakhurst
County
Madera
State
California
Latitude
37.3286608
Longitude
-119.6554387

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building, fully renovated, strong NOI.
Where is the apartment building located?
The property is located at 48951 River Park Rd Oakhurst, CA.
What is the asking price?
The asking price for this property is $1,232,164.
What are key features of this property?
This property features: $1,232,164 asking price for a stabilized multifamily investment property.; Seven-unit apartment building with 7,488 square feet of net rentable area.; $164.55 price per square foot and a 5.00% cap rate.
How can I contact the broker?
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48951 River Park Rd
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