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$550,000
Est. payment /mo
1 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26124150
HOA Y/N No
Year Built 1966
Lot Size 1.000 Acres
Property Sub-Type Mixed Use
Property Description
This is an excellent opportunity to own a versatile mixed-use income producing property situated on approximately 1 acre in the growing community of Terra Bella. This unique property features a combination of residential and commercial tenants, providing multiple streams of rental income and strong investment potential. Long-term tenants occupy the units and owner has never raised the rents for many years. Current rents are below the market, presenting potential upside for new owner seeking to increase cash flow through future rent adjustments. Tenants pay all utilities except water. Each unit has its own gas and electric meter. Rental units are: 3 bedrooms, 2 bathrooms currently rented for $1200/month, Smoke Shop unit rented for $1000/month, Insurance office rented for $550/month, Trailer Home rented for $500/month, Beauty Salon rented for $300/month and Taco Truck Space rented for $200/month. Whether you're looking to expand your investment portfolio or acquire a property with both residential and commercial components, this mixed-use property offers a rare opportunity to generate immediate income while benefiting from long-term appreciate potential.
Location
State CA
County Tulare
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Septic Type Unknown
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 320400003000
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Listing Terms Submit
Special Listing Condition Standard
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Listed by Steven Wong WPG Realty & Lending Group 562-387-6670, DRE #01223359
Nearby School & Business
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