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709 E Houston Ave

Visalia, CA 93292

 

Apartments For Sale  •  18,700 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 18,700 Sq Ft
  • Lot Size 0.98 ac
  • Building Class C
  • Year Built 1979
  • Zoning RM2
7 Transit Score
47 Walk Score

Description

Houston Apartments is a 22-unit, apartment community located in Visalia, California. Built
in 1979, the property is situated on 0.54 acres of land and is improved with four, one- and
two-story wood-framed buildings with stucco and wood exteriors and shingled pitched
roofs. Houston Apartments offers 22 two-bedroom units measuring 850 square feet each.
The low maintenance grounds include trimmed shrubs, and mature shade trees.

Highlights

Close to Freeways
Below Market Rents - The current rents at Houston Apartments are $0.75 per square foot. Our Rent Survey reveals at least another $.05 cents per square
Value-Add Opportunity - Houston Apartments is perfectly positioned to be upgraded which would result in substantially higher rents.
Access to Shopping, Entertainment and Freeways - Houston Apartments are with five miles of Visalia Mall, Sequoia Mall, and Packwood Creek Center

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $115,139 (2018)
Total Expenses: $78,269

Amenities

  • Heating
  • Kitchen

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Covered
Included in Rent: Yes
Robin Kane 559-288-8803 The Mogharebi Group
Robin Kane 559-288-8803 The Mogharebi Group