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128 Park ST Madera, CA 93637
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Key Details
Sold Price $575,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID FR25100516
Sold Date 07/28/25
HOA Y/N No
Year Built 1978
Lot Size 6,534 Sqft
Property Sub-Type Apartment
Property Description
Experience the perfect blend of investment potential and tenant appeal with this well-maintained multi-family property in the heart of Madera. Offering four thoughtfully designed units, each featuring two bedrooms and one bathroom, this income-generating asset is primed for long-term stability and financial growth. Private patios provide a welcoming outdoor retreat, while dedicated carport parking ensures convenience for residents. The on-site laundry facilities further enhance tenant satisfaction. One unit has been tastefully remodeled, adding value and increasing rent potential.
This fourplex is FHA-eligible, making it an ideal opportunity for owner-occupants seeking to leverage low down payment financing while benefiting from rental income. The property meets FHA guidelines for multi-unit residences and offers a promising avenue for both first-time buyers and seasoned investors alike.
Located near Madera High School, shopping centers, and essential amenities, this property enjoys strong rental demand and easy access to daily necessities. With reliable rental income, attractive financing options, and room for future appreciation, this investment opportunity is one to seize. Whether you're expanding your portfolio or searching for a property that combines homeownership with investment rewards, this four-unit complex delivers exceptional value in a thriving community.
Location
State CA
County Madera
Area Md637 - Madera 93637
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 4
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 012013015
Acceptable Financing Cash, Conventional, Government Loan
Listing Terms Cash, Conventional, Government Loan
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML
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