32989 Weatherly Ln North Fork, CA 93643
Fully remodeled, 100% occupied four-unit multifamily property on 0.11 acres.
Type:Multifamily
Property size:
3,428 SFLot size:
0.11 Acres- Added:
- Sep 13, 2023
- Days on Market:
- 950
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 32989 Weatherly Ln
General Information
- Standard status
- Active
- Size
- 3,428 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1976
Listing agent Jared Ennis License #CA
Listing office C21 Commercial
Listing date Sep 13, 2023
Source Crexi
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 C21 Commercial
Overview
Remodeled Four-Unit Multifamily Investment Property
This fully remodeled, 100% occupied four-unit multifamily apartment complex is situated on approximately 0.11 acres of land. The property features a single-story building with four separately metered units, totaling approximately 3,428 square feet. Each unit has been fully remodeled and includes fenced patios and private entrances. The units are individually metered for gas and electricity and have access to on-site laundry facilities. Unit A, spanning approximately 1,000 square feet with 2 bedrooms and 1 bathroom, is currently utilized as an AirBnB. Unit B, approximately 1,228 square feet, features 3 bedrooms and 2 bathrooms and is recently leased for 1 year. Unit C, approximately 700 square feet, is a 1-bedroom, 1-bathroom unit, and Unit D, approximately 500 square feet, is also a 1-bedroom, 1-bathroom unit; both are under a 1-year lease. The units are spacious, and the complex offers on-site parking and exterior lighting. The property benefits from low-cost county sewer and water services. It is located within a few miles of restaurants, shops, and North Fork Willow Creek. A value-add opportunity exists by addressing the under-market rent for Unit 1 by renting it to a long-term tenant or increasing the short-term rental dates, and extending lease lengths over the next 6 months where increases are put into place. The property is an investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- North Fork
- County
- Madera
- State
- California
- Longitude
- -119.5092802
- Latitude
- 37.2268005
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully remodeled, 100% occupied four-unit multifamily property on 0.11 acres.
Where is this quadplex located?
The property is located at 32989 Weatherly Ln North Fork, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Fully remodeled, 100% occupied 4‑unit multi‑family property with immediate income.; Value‑add opportunity to increase income by addressing under‑market rent on Unit A and extending lease lengths, with potential to achieve a stabilized gross annual income of $81,000.; Strong investment metrics: potential 9.48% CAP rate, 1.7% DCR, and 12.97% cash‑on‑cash return once stabilized.
