3781 W Line St Bishop, CA 93514
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).
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyInyo
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive
- MLS ID Number24342881
- Home Size Source Assessor
- Year BuiltN/A
- Lot Size1.81 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking UncoveredDriveway
- Parking Spaces 0
- Number of Stories 22
- Acreage 1.81
- Attached Garage Yes
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Central
Exterior Features
- View Creek/ StreamPond
Community Features
- Senior Community No
- MLS Area MMTH - Mammoth Lakes