$550,000
$499,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
20671 Chaney Drive Richgrove, CA 93261
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202201742
Sold Date 04/28/22
Year Built 1910
Property Sub-Type 4 Units
Property Description
Rare Opportunity to own 4 units!! Initially built in the early 1900s, this historical site was the beloved Richgrove Hotel. In recent years, the building was converted to a multi-family home with 4 units. The property has long standing tenants. This oversized lot has great potential for further development. Great investment opportunity! Situated on an oversized lot, this property is a must see. Current rents are low but has potential to bring in rents from $950-$1050 for the 2 bedroom units and $1100-$1300 for the 3 bedroom unit based on current fair market values. Make offer subject to interior inspection. Please Do Not Disturb Tenants.
Location
State CA
County Tulare
Area 99
Exterior
Parking Features Other
Parking On Site 4
Building
Story 2
Schools
Elementary Schools Other-Outlying
Middle Schools Other-Outlying
High Schools Delano
School District Other
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Bought with Debra K McTaggart • Coldwell Banker Preferred,RLT