NOT LISTED FOR SALE
16 Beds
8 Baths
6,696 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: June 13, 2022

Last sale price $740,000 $111 Per Sq Ft

6 Days on Market

Highlights

  • 0.3 Acre Lot
  • Corner Lot
  • Heating Available

About This Home

As of June 2022

Sweet opportunity to own an 8 unit apartment building for $75,000 per unit. All units are 2/1's and are fully rented to longer term tenants. Rents are low thanks to a compassionate landlord, but obviously need to be raised. Tucked into a residential Central Fresno area where there is no oversupply of multifamily housing. Conveniently near schools and shopping. Please do not disturb tenants or walk onto the property. Appointments will be arranged for serious buyers.

Last Agent to Sell the Property

Ken Neufeld

London Properties, Ltd. License #00788084 Listed on: 05/20/2022

London Properties, Ltd.

Last Buyer's Agent

Scott Foxen

Foxen Realty, Inc. License #01894608

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 13,050 Sq Ft Lot
  • Corner Lot

Parking

  • Carport

Home Design

  • Stucco

Interior Spaces

  • 6,696 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • 8 Units
  • Gross Income $43,200

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.3 Acres

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 110.51
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Fireplace: None
  • Bathrooms: 8.00
  • Bedrooms: 16
  • Square Footage: 6696.00

Exterior Features

  • Yard: Mature Landcsape
  • Roofing: Rolled Comp
  • Exterior: Stucco
  • Foundation: Both

Garage/Parking

  • Additional Parking: Carport

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.2996
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 13050.00
  • Price Per Acre: 2469959.95

Building Info

  • Year Built: 1965

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 43200.00
  • IncomeIncludes: Unit Rent, Month to Month
  • Total Units: 8

MLS Schools

  • School District 2: Fresno Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$323,401
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 20, 2022
Closed on
Jun 9, 2022
Sold by
Bought by
Seller's Agent
Ken Neufeld
London Properties, Ltd.
Buyer's Agent
Scott Foxen
Foxen Realty, Inc.
List Price
$600,000
Sold Price
$740,000
Premium/Discount to List
$140,000
23.33%

Purchase Details

Closed on
Jan 18, 2022
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title
$740,000 Old Republic Title
-- --
-- Istanboulian Flora
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $335,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/13/2022 06/13/22 Sold $740,000 +23.3% $111 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $600,000 -- $90 / Sq Ft
Source: Fresno MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,273 $801,108 $67,626 $733,482
2025 $10,273 $785,400 $66,300 $719,100
2023 $9,884 $754,800 $66,300 $688,500
2022 $2,832 $211,987 $36,975 $175,012
2021 $2,757 $207,831 $36,250 $171,581
2020 $2,745 $205,701 $35,879 $169,822
2019 $2,643 $201,669 $35,176 $166,493
2018 $2,588 $197,716 $34,487 $163,229
2017 $2,545 $193,840 $33,811 $160,029
2016 $2,464 $190,041 $33,149 $156,892
2015 $2,428 $187,188 $32,652 $154,536
2014 $2,372 $183,522 $32,013 $151,509
Source: Public Records

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Map

Source: Fresno MLS

MLS Number: 578373

Fresno MLS
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