1571 E Magnolia Way, Dinuba, CA 93618
Triplex
3 Unit apartment
All units are under the 1571 E Magnolia Way, Dinuba, CA 93618 address.
2 units at 1571 E Magnolia Way, Dinuba, CA 93618
And 1 unit at 1588 E Olive Way, Dinuba, CA 93618
The property also is approved to add 2 or 3 additional homes to the property for a total of 6 units should you wish to make the investment.
It was recently stuccoed and had new windows replaced and 2 roofs done over 15 years ago
All 3 units are occupied with no increase in rent ever made.
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1571 E Magnolia Way,
Unit 1: $650 / month to month
1 bed, 1 bath (garage conversion)
Unit 2: $800 / month to month
2 bed, 1 bath
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1588 E Olive Way, (single family)
Unit 3: $850 / month to month
1 bed, 1 bath
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Potential rent:
Unit 1: $900
Unit 2: $1,450
Unit 3: $1,200
Total: $3,550
Repairs estimated $65,000 +/-
COE: Aug 18, 2023
EMD: $3,000
Asking $270,000
ARV $400,000
https://www.dropbox.com/scl/fo/6ypa2gt3loe2xon9bcxs1/h?rlkey=1xymk98rodmkdax7ly9wzdabk&dl=0
Comps:
1540 E Magnolia Way, Dinuba, CA 93618
761 S Short Ave, Dinuba, CA 93618
198 N Bates Ave, Dinuba, CA 93618