The Lindsay Inn Apartments & Studios

Highlights:

• Value-Add Rehab ready opportunity
• Huge demand for affordable type housing
• Mix of apartments and efficiency studio units
• Ready to renovate property
• Create guaranteed monthly income

Description:

The Lindsay Inn Econo Apartments is a rare value-add and renovation ready opportunity at a reasonable price point that leaves upside for a new owner. The housing demand is extremely high due to the shortage of quality low-cost living. This property could potentially serve Section 8, Veterans, or the needs of other types of government subsidized housing programs which would create a guaranteed monthly income stream.

The property is comprised of thirty-two (32) units of which sixteen (16) are econo lodging rooms with some featuring kitchenettes plus sixteen (16) apartment along with ample onsite parking.

The ownership has replaced all of the roofs, demoed all of the interiors, 6 renovated units, installed dual pane windows in renovated units along with water heaters. In addition, each apartment unit has sub-panels making it possible to separately meter each unit as part of the renovation.

The Lindsay Inn is located in a mixed-use area with surrounding light industrial, warehouse, retail, and residential. The featured commercial amenities are Save Mart, Starbucks, Auto Zone, McDonalds, Super 8 Hotel, and Subway.

Lindsay is a city in Tulare County, California, United States. The population is approximately 13,167. Lindsay is located southeast of Visalia and north of Porterville and is considered part of the Visalia-Porterville Metropolitan Area.

The city has grown steadily since 2010 as people move from higher cost surrounding markets with housing constraints such as Visalia, Fresno, and Bakersfield.