48960 River Park Rd Oakhurst, CA 93644
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Eight-unit apartment building, excellent ROI.
Property size:
6,400 SFProperty Features for 48960 River Park Rd
General Information
- Property type
- Multifamily properties
- Square Feet
- 6,400 SF
Building Details
- Year Built/Renovated
- 1972/2022
- Buildings
- 2
- Stories
- 2
- Units
- 8
Listing Agent: John Thor
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional multifamily investment property, located at 48960 River Park Rd, Oakhurst, CA 93644, presents a compelling opportunity for discerning investors. The property consists of an eight-unit apartment building, totaling 6,400 square feet of net rentable space, situated on a spacious 20,473 square foot lot. Built in 1972 and extensively renovated in 2022, the property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $51,753, resulting in a 5.00% capitalization rate. The asking price is $1,035,065, translating to $129,383.12 per unit and $328.59 per square foot. The property features two buildings, each two stories high, and is conveniently located near town and a park, offering residents a desirable lifestyle. The property's Assessed Parcel Number (APN) is 066-021-010. This stabilized investment presents a rare opportunity to acquire a high-performing multifamily asset in a desirable location. The property's strong cash flow and recent renovations make it an ideal addition to any investment portfolio. The property is currently under Caltree ownership.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Oakhurst
- County
- Madera
- State
- California
- Longitude
- -119.65530933067
- Latitude
- 37.328983455335
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FAQs
What type of property is this?
Multifamily property - Eight-unit apartment building, excellent ROI.
Where is this multifamily property located?
The property is located at 48960 River Park Rd Oakhurst, CA.
What is the asking price?
The asking price for this property is $1,035,065.
What are key features of this property?
This property features: 8-unit apartment building in Oakhurst, CA, asking $1,035,065.; 6,400 square feet, 100% occupancy, generating a $51,753 NOI and a 5.00% cap rate.; $129,383 per unit, $328.59 per square foot.
