Keegan Cin | Realtor® | License # DRE 01971604

Property

Madera, CA 93637 128 Park Street

Pending
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Presented By: Gautam Atri with Universal Realty Services, Inc; 559-917-1113
  • MLS# FR25100516
  • 05/06/2025
  • Request Tour
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  • Beds • 2
  • Baths • 1
  • SQFT • 2,952
  • Year Built • 1978

Home Details

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.
Presented By: Gautam Atri with Universal Realty Services, Inc; 559-917-1113

Interior Features for 128 Park Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 128 Park Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
CityMadera
Community FeaturesUrban
ContingencyNONE
CountyMadera
DirectionsFrom Olive go south. The Complex is on the right on Park.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income45900.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, GovernmentLoan
Lot Size Square Feet6534.0
Lot Size UnitsSquareFeet
MLS AreaMD637 - Madera 93637
MobileHomeRemainsYNNo
Net Operating Income33428.0
New ConstructionNo
Number Of Units Total4
Operating Expense12472.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Tax Lot14
Trash Expense0.0
Water Sewer Expense0.0
Year Built1978
Year Built SourcePublicRecords

Exterior for 128 Park Street

Building Area Total2952.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.15
Lot Size Area6534.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $640,000
MLS#FR25100516
List Date 05/06/2025
Property Type Pending
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