3781 W Line St, Bishop CA 93514 | $2,525,000
Status: Active
Listing provided courtesy of Jake Glaser of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-05-17 08:11:21.000000. Listing information © 2024 SANDICOR.
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).
More Details
1.81 Acres
2 Stories
Carol Stanford
Call or Text: 619.987.8766
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