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650 Greenfield Ave
Hanford, CA 93230
Price Reduction!! Three Properties in Hanford · Multifamily Property For Sale
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61 Units
Investment Highlights
- Favorable Unit Mix: (15) One-Bedroom/One-Bathroom, (37) Two-Bedroom/One-Bathroom, (3) Two-Bedroom/Two-Bathroom and (6) Three-Bedroom/Two-Bathroom Unit
- All Three Properties are Next to Each Other
- Great Location Just off Lacey West Boulevard, Behind Hanford West High School.
- Attractively Priced at a 5.79% Cap Rate on Current Operations/7.02% Cap Rate on Proforma with 6% Increases in Rents.
- Two Separate Parcel Numbers
- Rents are Below Market
Property Facts
| No. Units | 61 | Lot Size | 3.52 AC |
| Property Type | Multifamily | Building Size | 50,372 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Zoning | RM-3 | ||
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.52 AC |
| Building Size | 50,372 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | RM-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Online Services
About 650 GREENFIELD AVE , HANFORD, CA 93230
Three property portfolio in Hanford, CA. The properties are The Normandy, Casa del Rio, and The Outrigger, totalling 61 units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $709.00 | 637 |
| 2+1 | 37 | $817.00 | 832 |
| 2+2 | 3 | $863.00 | 1,037 |
| 3+2 | 6 | $1,012 | 1,287 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,973,149 | |
| Land Assessment | $589,178 | Total Assessment | $5,562,327 |
Property Taxes
Parcel Numbers
Land Assessment
$589,178
Improvements Assessment
$4,973,149
Total Assessment
$5,562,327
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