Seller's Agent in 2019
Aram Melikian
Real Broker
(559) 281-4174
10 in this area
87 Total Sales
Well maintained Clovis 4-Plex, all 2/1's, with stoves,dishwashers,and fridges in all units. There is a common area shared laundry room, however it is currently empty and not being used or operated. Each unit has 1 carport space for parking. This complex has been well maintained, including a new carport roof February 2019 from All State Roofing, and new HVAC July 2017 for unit#102. The current rents are $725/unit, with market rents being $825-$850. The current numbers with $725 rents are a 6 Cap ($34,800 annual gross income)($9,220.74 annual expenses) giving an annual net income of $25,579.26. Expenses include Water/Sewer/Garbage, Taxes, Insurance, Gardener, Common area PGE for security lights, and property management fees. Tenants have been there since 2, and 2011, with 1 unit currently vacant. Please see 70 photos with this listing, including interior photos of all 4 units. With current market rents, you can get to a 7 cap in Clovis!
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2019 03/06/19 | Sold | $460,000 | 0.0% | $139 / Sq Ft |
| 02/25/2019 02/25/19 | Pending | -- | -- | -- |
| 02/21/2019 02/21/19 | For Sale | $460,000 | -- | $139 / Sq Ft |
| 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 | $6,087 | $513,134 | $55,774 | $457,360 |
| 2023 | $5,970 | $493,210 | $53,609 | $439,601 |
| 2022 | $5,780 | $483,540 | $52,558 | $430,982 |
| 2021 | $5,618 | $474,060 | $51,528 | $422,532 |
| 2020 | $5,597 | $469,200 | $51,000 | $418,200 |
| 2019 | $3,491 | $290,822 | $49,982 | $240,840 |
| 2018 | $3,355 | $280,000 | $40,000 | $240,000 |
| 2017 | $3,127 | $260,000 | $35,000 | $225,000 |
| 2016 | $3,082 | $260,000 | $35,000 | $225,000 |
| 2015 | $2,848 | $240,000 | $35,000 | $205,000 |
| 2014 | $2,618 | $220,000 | $30,000 | $190,000 |
Seller's Agent in 2019
Aram Melikian
Real Broker
(559) 281-4174
10 in this area
87 Total Sales
Buyer's Agent in 2019
Linda Peltz
eXp Realty of California, Inc.
(559) 353-4556
11 in this area
72 Total Sales
Source: Fresno MLS
MLS Number: 518144