3781 W Line St
Bishop, CA 93514
4937 sqft | 12 beds | 1.81 acres | #24342881
Description
Fantastic 9-unit investment property located in Bishop, CA. This large, picturesque property sits on a 1.81 Acre Lot with a 1,000 SqFt trout pond, old growth trees and multiple creeks running through it. The property features 8 separate "single family" style structures, comprising 9 units and 4,937 square feet of living area in total. The front 4-bedroom main house also features a large private garage. The majority of the units have been recently remodeled and re-rented, with five of the units able to be delivered vacant. All in all, the property has received $300K - $400K of recent capital improvements including interior remodels, new exterior paint, concrete driveway / walkways, an automatic sprinkler system and newer copper water lines. 3781 W Line St offers a strong Day 1 cash flow currently sitting at a 6.02% Cap Rate! Additionally, a new buyer may be able to build 1-4 ADUs on the vacant back portion of the lot (Buyer to carry out their own investigation).
Interior Details
- Bedrooms12
Property Details
- ViewPond, CreekStream
- Stories2
Measurements
- Acres1.81
- Square Feet4937
Construction Details
- Property TypeMulti-Family
Community and Neighborhood Details
- CountyInyo
Financial Details
- Original List Price$2,525,000
Other
- MLS #24342881
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jake Glaser (#CLW-C141551)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#CLW-X82195)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
