NOT LISTED FOR SALE
5 Beds
5 Baths
3,800 Sq Ft
8,751 Sq Ft Lot

Last Sold April 25, 2023

Last sale price $490,000 $129 Per Sq Ft

32 Days on Market

Highlights

  • Heated Floors
  • 1-Story Property
  • Central Air

About This Home

As of April 2023

Wonderful units in Madera. Located in a great part of town with close proximity to major shopping, schools and Freeway. The first unit is a 2 bed 2 bath SFR with a garage and has been recently remodeled. The others are mix of 2 bed and 1 Bed Freestanding buildings. Current lease income is below market rent from a recent survey of comparable properties in the area. Lots of potential.There are 2 addresses, 114 S Madera Ave and 116 S Madera.

Last Agent to Sell the Property

Moe Essa

MBB Group License #01303281 Listed on: 02/20/2023

Last Buyer's Agent

Nonmember Nonmember

Nonmember

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 8,750

Parking

  • Uncovered Parking

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • 8,750 Sq Ft Lot
  • Central Air

Community Details

  • 5 Units
  • Gross Income $507,000

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

8,750 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 128.95
  • Year Built Exception: 0
  • Stories: One
  • Special Features: None
  • Year Built: 1933

Interior Features

  • Fireplace: None
  • Bathrooms: 5.00
  • Bedrooms: 5
  • Square Footage: 3800.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Both

Garage/Parking

  • Additional Parking: Uncovered

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Central Heat/Cool, Floor or Wall Heat

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.2009
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 8750.00
  • Price Per Acre: 2439024.39

Building Info

  • Year Built: 1933

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 507000.00
  • IncomeIncludes: Unit Rent
  • Total Units: 5

MLS Schools

  • School District 2: Madera Unified
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2023 04/25/23 Sold $490,000 -7.5% $129 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $530,000 0.0% $139 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $530,000 -- $139 / Sq Ft
Source: Fresno MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,586 $395,352 $83,232 $312,120
2023 $4,586 $346,800 $61,200 $285,600
2022 $3,914 $340,000 $60,000 $280,000
2021 $1,886 $162,448 $34,808 $127,640
2020 $1,921 $160,784 $34,452 $126,332
2019 $1,907 $157,632 $33,777 $123,855
2018 $1,760 $154,542 $33,115 $121,427
2017 $1,739 $151,513 $32,466 $119,047
2016 $1,696 $148,543 $31,830 $116,713
2015 $1,662 $146,312 $31,352 $114,960
2014 $1,552 $143,447 $30,738 $112,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 590890

Fresno MLS

APN: 010-213-003

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