609 Moore St Madera, CA 93638
Sponsored
- Days on Market:
- 10
- Last Refresh:
- Jan 18 at 10:06 am
Property Features for 609 Moore St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2
- Bedrooms
- 1
- Bathrooms
- 2
- APN
- 011062009000
- Parking features
- Carport
- Exterior features
- Stucco
- Size
- 11,440 SF
- Lot size
- 0.55 Acres
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 16
- Roof type
- Composition
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Overview
Madera Multifamily Investment Opportunity
This well-maintained 16-unit multifamily property, constructed in 1986, features a unit mix of eight one-bedroom units and eight three-bedroom units. Select units are scheduled for remodeling in 2025. Situated on a quiet, primarily residential block, the property offers open garage parking and on-site laundry facilities for additional income. Its location provides convenient walking distance to shopping and schools. Currently, two units are vacant due to remodeling, presenting an immediate rent-up opportunity for a new owner. The property, encompassing 11,440 square feet on a 0.55-acre lot, is positioned as a clean, turnkey investment with reliable income and built-in value-add potential. The desirable residential setting supports reliable income tenancy and reduced turnover. The larger unit mix positions the asset above typical. Strong in-place fundamentals allow for pushing net operating income without major capital projects. The property is located in Madera, California.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Madera
- County
- Madera
- State
- California
- Longitude
- -120.048874
- Latitude
- 36.96114
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 16-unit property with value-add potential in Madera, CA.
Where is this apartment building located?
The property is located at 609 Moore St Madera, CA.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: - Immediate value-add potential through rent increases as units are remodeled to market standard.; - Strong in-place fundamentals allowing for NOI growth without major capital expenditures.; - Desirable residential location ensures reliable tenancy and reduces turnover.