555 Wallis Ave - Residential Income FOR SALE


Gustine, CA 95322
$990,000 USD
209-862-2881
555 Wallis Ave, Gustine, CA for Sale
$990,000 USD
Residential Income - FOR SALE
1/8
null | Request Cap Rate

555 Wallis Ave
Gustine, CA 95322


HIGHLIGHTS

  • Possible redevelopment of property.
  • Possible division of parcel and re-sell.

OVERVIEW

RARE PROPERTY - MULTI-UNIT OPPORTUNITY! 5 HOMES + OPEN LOT. Nearly 1 acre (.91) in Gustine on shady street, great residential location in center of town. Property currently has 2 two bedroom/1 bath rentals, each rented at $1000/mo. A vacant 2 bedroom/1 bath home that needs TLC. A lg 5 bedroom/1 bath home with lg full basement, and a small studio home. There is a empty lot on the end of the property along with a large undeveloped area behind the homes. Perfect for Investors. Immediate income while you plan how to maximize this property's full potential. So many possibilities to discuss! Add additional rentals, start over and make it a planned unit development, or divide the homes into separate parcels and sell them individually OR live in one and rent the others to cover the mortgage? Property is being sold as is.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

40%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

R-3

APN/PARCEL ID

020-151-022

ASK ABOUT THIS PROPERTY

Beth Bair-TreshlerStephens & BorrelliMore Info
209-862-2881

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Beth Bair-TreshlerStephens & BorrelliMore Info
209-862-2881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.