The land consists of a rectangular parcel of approximately 9.86 acres with single family homes located on the exterior lots and upscale apartments located on the interior. The Project is located off Jayne Avenue and Juniper Ridge Road, in the City of Coalinga, California, approximately four miles from the newly opened State Prison and the State Hospital.There are 23 single family residences, 8 duplexes, 4 tri-plexes, 18 four-plexes, and 2 five-plexes.These upscale apartment homes have attached garages, upscale kitchens, high ceilings, wash and dryer hookups, and interior sprinklers.

Location Description:

Nestled in the Pleasant Valley at the eastern edge of California's Coastal Mountain Range, Coalinga is surrounded by hills and ranches. The City is near the southwestern tip of Fresno County. Coalinga serves as the commercial, civic, cultural and recreational hub. Local parks, green belts, trails and scenic vistas provide a natural complement to development in the area. Coalinga is accessible to and from major cities within the state. California's main north-south artery, Interstate 5, is just 10 miles to the east. Highways 198 and 33 intersect the city. Coalinga is a full service community with a high quality of life, low crime rates, and quality housing. Coalinga also has quality schools, a library, a museum, and many recreational facilities.

Highlights:

>> Luxury Apartment Homes

>> Large Spacious Units

>> Attached Garages and W/D Hookups

>> Rents Can Be Increased

>> Lot of Amenities

>> Located Close To State Hospital and Correctional Facility

>> Large Clubhouse

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Sales Info:

>> Cap rate: 5.99%

>> Commision split: 3.0%

>> NOI: $898631