8-Single Family Houses-Princeton CA
Multifamily | 8 Units | $111,875/unit | 100% Occupied | 8% CAP RATE
Marketing description
Located in a quiet, small farming community, this income-producing property offers an outstanding investment opportunity. Just 1½ blocks from the town's elementary school and only 4 blocks from the high school, it is ideally situated for long-term tenant demand.
With one of the most affordable price points for single-family residential investment property in California, this property delivers immediate cash flow and excellent upside potential. Several units have been recently updated with new flooring and modern appliances, reducing future maintenance costs and increasing tenant appeal.
Enjoy the privacy of having no close neighboring properties, along with private parking for tenants. The property is connected to city water and city sewer, providing dependable municipal services.
The community has very few rental properties, resulting in consistently strong demand. With full occupancy and vacant units typically renting quickly, this is an exceptional opportunity for investors seeking stable income, low vacancy, and long-term appreciation.
Don't miss this rare chance to own a cash-flowing investment property in a market with limited rental competition!
Investment highlights
8 single family residencies in Princeton, California. The property consists of eight individual single family houses on one approx. 40,000 square foot lot, totaling approx. 6,385 square feet of living space.
7.09 capitalization rate
Unit mix:
3: 3-bedroom, 1-bath houses. Approx. 920 sqft. (rented at $1200)
5: 2-bedroom, 1-bath houses. Approx. 725 sqft. (rented at $1050)
Currently fully rented at $8,800 per month in combined rent. Connected to city water and city sewer. Several units have been remodeled, and several have new roofs.
Asking price: $895,000. Seller financing available with a decent down payment.
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