Property Detail

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.