Wholesale Fix And Flip FSBO

1571 E Magnolia Way, Dinuba, CA 93618

1571 E Magnolia Way, Dinuba, CA 93618

$450,000 After Repair Value -
$290,000 Asking Price -
$0 Cost of Repairs =
$160,000 Potential Profit

Property Details

Asking Price $290,000

After Repair Value $450,000

Costs of Repairs $0

Potential Profit $160,000

Living Area 1800 ft2

Property Type TriPlex

Bedrooms 4

Bathrooms 3

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

1571 E Magnolia Way, Dinuba, CA 93618
1588 E Olive Way, Dinuba, CA 93618
Triplex
3 Unit apartment
2 homes 1 on Olive St 1 on Magnolia St and a converted garage in between both all free standing and separated.
The property is approved to add 2 or 3 additional homes to the property for a total of 6 units should you wish to make the investment.
It was recently stuccoed and had new windows replaced and 2 roofs done over 15 years ago
One needs work but no actual issues.
All 3 units are occupied with no increase in rent ever made.
Unit 1: $650 / month to month
Unit 2: $800 / month to month
Unit 3: $850 / month to month
Potential rent increase:
Unit 1: $900
Unit 2: $1,100
Unit 3: $1,300
COE: Aug 18, 2023
Repairs estimated $65,000 +/-
Asking $290,000
ARV $450,000
-

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Ahmed Habib

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