48960 Riv Park Rd Oakhurst, CA 93644-9133

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.