Renovated Turnkey
2440 South Sallee Street Visalia, CA 93277
2440 South Sallee Street, Visalia, CA, 93277
$800,000
For Sale
$800,000
Turnkey four-unit property with renovated units and established rental rates.
Property Size4,138 SF
Price / SF$193.33
Days on Market105
Property Features for 2440 South Sallee Street
General Information
- Standard status
- Active
- Size
- 4,138 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1974
Listing agency
Realty Concepts, Ltd. - Fresno
(559) 903-3880
Listed by
Ryan Higton · License #01957204
(559) 903-3880
Source
Compass
Added: Apr 9 Updated: Jul 20 at 9:26PM Checked: Jul 21 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Concepts, Ltd. - Fresno
Investment Insights
Based on property information with market context.
This turnkey fourplex offers four rental units in a renovated condition. The seller’s remarks indicate all units have been renovated and are performing with solid rental rates.
The property is located in Visalia, CA, and may be purchased together with a second fourplex located just north of this address, which is also listed for sale. Please contact the listing broker for details on the package option.
As a four-unit residential income asset, the property is well-suited for buyers seeking a multi-family portfolio addition with existing, renovated housing units.
The property is located in Visalia, CA, and may be purchased together with a second fourplex located just north of this address, which is also listed for sale. Please contact the listing broker for details on the package option.
As a four-unit residential income asset, the property is well-suited for buyers seeking a multi-family portfolio addition with existing, renovated housing units.
Key Highlights
- Fourplex built in 1974 with four units
- All units include stove and refrigerator
- Central heat/cool for the property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.1k | $13.80 |
| − Vacancy | −$3.7k | −$0.89 |
| EGI | $53.4k | $12.91 |
| − OpEx | −$16.0k | −$3.87 |
| NOI | $37.4k | $9.04 |
4,138 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$534.2K
$467.4K – $623.2K
NOI $37,391 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$490.9K
$429.5K – $572.7K
NOI $34,362 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey four-unit property with renovated units and established rental rates.
Where is this quadplex located?
The property is located at 2440 South Sallee Street Visalia, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fourplex built in 1974 with four units; All units include stove and refrigerator; Central heat/cool for the property
