1763 Woodland Dr, Hanford, CA 93230

Description

TURNKEY 3-PLEX INVESTMENT — EXTENSIVELY RENOVATED
*Needs to be sold with neighboring 3 plex 1763, 1765, 1767 Woodland Dr)
*This property and neighboring 4 plex

Excellent opportunity to own a professionally maintained, income-producing 3-plex that is about as close to new as you can get without buying new construction.

This property underwent an extensive down-to-the-studs renovation in 2018, with virtually every major component replaced or upgraded. Improvements included:

New electrical
New insulation and drywall
New interior and exterior paint
New HVAC systems
30-year composition roof
New cabinets and granite countertops
New tubs and bathroom finishes
New interior and exterior doors
Digital door hardware
Hardwired smoke and carbon monoxide detectors
LED recessed lighting
Ceiling fans in every room
Dual-pane Low-E windows
Faux wood blinds
Updated appliances
Tile flooring in kitchens and bathrooms
Luxury vinyl plank flooring in living areas and bedrooms
Renovated landscaping with new sprinkler piping and valves

The property also features a coin-operated laundry room with two washers and two dryers, providing an additional amenity for tenants and potential supplemental income.

Each unit includes a generously sized, private fenced rear patio, giving tenants valuable outdoor living space that is difficult to find in many multifamily properties.

The property has an established rental history with long-term tenants on revolving one-year leases, with the exception of one recently leased unit. The property has been well cared for and is occupied by reliable tenants with a strong history of paying rent on time.

The listing photos shown are from the recently available unit and were taken prior to the new tenant moving in, providing a great representation of the condition and finishes of the property.

EXTENSIVELY RENOVATED • LONG-TERM TENANTS • TURNKEY 3-PLEX THAT IS PAIRED WITH THE NEIGHBORING TURN KEY 4-PLEX

An outstanding opportunity for an investor looking for a clean, stabilized multifamily property with extensive improvements already completed and strong existing rental income.