$520,000
SOLD FEB 28, 2020
-- Bed
-- Bath
5,568 Sq Ft
0.4 Acres

Recently Sold

$93 Per Sq Ft

3% Below List Price

16 Days on Market

Highlights

  • 0.4 Acre Lot
  • Controlled Access
  • Forced Air Zoned Heating and Cooling System
  • Edison High School Rated A-
  • Tile Flooring
  • 5-minute walk to Fink White Park

About This Home

As of February 2020

Available Now. The 6 units apartment complex for sale located in Fresno downtown area. Each unit is 3 bedrooms and 1,5bath, sliding door to a private backyard, and in-unit laundry area for full size washer/dryer. There are long-term tenants and section 8 tenants. Rents are average and have room for growth. Perfect investment opportunity in rental income property for real estate investor.

Last Agent to Sell the Property

Phat Doan

Compass License #01984716 Listed on: 01/31/2020

Compass

Last Buyer's Agent

Phat Doan

Compass License #01984716 Listed on: 01/31/2020

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 5,568 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Window Bars

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Off-Street Parking

Additional Features

  • 0.4 Acre Lot
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $54,354
  • Month-to-Month Lease Term

Community Details

Building Details

  • 6 Leased Units
  • Insurance Expense $1,506
  • Maintenance Expense $2,000
  • Utility Expense $4,351
  • Operating Expense $13,454
  • Gross Income $51,636

Additional Features

  • 5,568 Sq Ft Building
  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Listing Details

  • Zoning: NMX
  • Subclass: Multiple Dwellings / Structures
  • Age: 40
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5568
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Living Sq Ft: 5568
  • Security: Controlled / Secured Access, Window Bars
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Carport, Off-Street Parking, Parking Area
  • Carport Min: 6

Utilities

  • Cooling System: Ceiling Fan, Multi-Zone
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Fresno Unified

Lot Info

  • Lot Acres: 0.4017
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 17500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 17500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 9.84
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1506
  • Expense Maintenance: 2000
  • Expenses Total: 13454
  • Expenses Utility: 4351
  • Income Annual Gross: 51636.00
  • Income Annual Rental: 54354
  • Income Gross Scheduled: 54354
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Utilities
  • Vacancy Factor: 5

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
02/28/2020 02/28/20 Sold $520,000 0.0% $93 / Sq Ft
02/28/2020 02/28/20 Sold $520,000 0.0% $93 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $520,000 -2.8% $93 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $535,000 +21.0% $96 / Sq Ft
06/28/2018 06/28/18 Sold $442,000 0.0% $79 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $442,000 -- $79 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81780867

MLSListings