12 bedroom house for sale

Overview

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 four 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 6.71% Cap Rate! Additionally, a new buyer may be able to build 1-3 ADUs on the vacant back portion of the lot (Buyer to carry out their own investigation).