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48951 River Park Rd Oakhurst, CA 93644

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

Property size:
7,488 SF

Property Features for 48951 River Park Rd

General Information

Property type
Multifamily properties
Square Feet
7,488 SF

Building Details

Year Built/Renovated
1984/2022
Buildings
1
Stories
2
Units
7

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Listing Contact
John Thor
John Thor

Listing Agent: John Thor

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

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Commercial real estate

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Location Insight

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  • Local Demand
City
Oakhurst
County
Madera
State
California
Longitude
-119.6554387
Latitude
37.3286608

FAQs

What type of property is this?
Multifamily property - Seven-unit apartment building, fully renovated, strong NOI.
Where is this multifamily property 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.
(559) 760-0511 Call to check price and availability
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