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3781 W Line St
Bishop, CA 93514

$2,525,000 USD

Apartments For Sale  •  965 SF

Property Details

  • Property Type Apartments
  • Total Building Size 965 SF
  • Lot Size 1.91 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 6.02 %
0 Transit Score
15 Walk Score

Highlights

9 Units sitting on 1.81 Acres just outside of Bishop; dotted with old growth trees and 1,000 SqFt trout pond
Majority of units recently remodeled and re-rented; Property has received $300K - $400K of recent capital improvements
Interior remodels, new exterior paint, concrete driveway / walkways, automatic sprinkler system and newer copper water lines
Property features 8 separate “single family” style structures, comprising 9 units in total
Supply constrained Bishop home and rental market; nearby to Mammoth Lakes ski resort and recreation area
Five units can be delivered vacant
Cap Rate: 6.02 %
Jake Glaser 347-461-6043 Lyon Stahl Investment Real Estate
Jake Glaser 347-461-6043 Lyon Stahl Investment Real Estate