188 Citrus Dr Farmersville, CA 93223

Property Details for 188 Citrus Dr

Year built

1979

Construction

WOOD

Lot size

0.22 lot acres

Property size

4,113 SF

Zone code

R-3

Property type

Apartment buildings

APN

128-092-001-000

APU

128092001000

Description

This exceptional 4,113 square foot commercial building, situated on a 0.22-acre lot at 188 W Citrus Drive in Farmersville, CA, presents a compelling investment opportunity. The property boasts multiple income-generating units currently operating below market rents, offering significant potential for increased revenue. The building is remarkably easy to maintain, a key advantage for investors seeking a low-effort, high-return asset. A significant benefit is the relatively new roofing system, installed less than five years ago, minimizing immediate capital expenditure needs. This translates to immediate cash flow and reduced long-term maintenance costs. The property's location in Farmersville, CA, provides convenient access to local amenities and a stable tenant base. The current rental income stream provides a solid foundation for growth, while the below-market rents offer a clear path to enhance profitability. This is an ideal acquisition for investors seeking a straightforward, manageable, and financially rewarding commercial property. The property's strong fundamentals and upside potential make it a highly attractive investment opportunity in the thriving Farmersville market. Serious inquiries are encouraged to explore this promising venture.

Location Insight

City

Farmersville

County

Tulare

State

California

Longitude

-119.208

Latitude

36.3076

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments