See all 3 photos
3 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Steven Wong • WPG Realty & Lending Group
$550,000
Est. payment /mo
2,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $220
MLS Listing ID PW-26124150
Year Built 1966
Lot Size 1.000 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This is an excellent opportunity to own a versatile mixed-use income producing property situated on approximately 1 acre in the growing community of Terra Bella. This unique property features a combination of residential and commercial tenants, providing multiple streams of rental income and strong investment potential. Long-term tenants occupy the units and owner has never raised the rents for many years. Current rents are below the market, presenting potential upside for new owner seeking to increase cash flow through future rent adjustments. Tenants pay all utilities except water. Each unit has its own gas and electric meter. Rental units are: 3 bedrooms, 2 bathrooms currently rented for $1200/month, Smoke Shop unit rented for $1000/month, Insurance office rented for $550/month, Trailer Home rented for $500/month, Beauty Salon rented for $300/month and Taco Truck Space rented for $200/month. Whether you're looking to expand your investment portfolio or acquire a property with both residential and commercial components, this mixed-use property offers a rare opportunity to generate immediate income while benefiting from long-term appreciate potential.
Location
State CA
County Tulare
Interior
Laundry Individual Room
Exterior
Garage Spaces 2.0
Pool None
Community Features Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Septic Type Unknown
Read Less Info
GET MORE INFORMATION
John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900