NOT LISTED FOR SALE
24 Beds
12 Baths
9,000 Sq Ft
14,566 Sq Ft Lot

Last Sold June 08, 2017

Last sale price $700,000 $78 Per Sq Ft

7 Days on Market

About This Home

As of June 2017

Investors, look no more! (12) professionally managed 2 bedroom 1 bathroom units in the popular Madera rental market for under $60k/unit. Currently rented at $575/month/unit there is seemingly room to grow your income as comparable units in the area are renting between $600-$650/month. This is a stable, performing property that will make a nice addition to your portfolio.(Please note the following: Property consists of (2) parcels being sold together: 316 N B Street APN#007-083-003 & 320 N B Street APN#007-083-002. Buyer to verify building footage as tax records appear to be recorded in error).

Last Agent to Sell the Property

Bobby Ward

Strong Holdings Inc License #01350825 Listed on: 05/04/2017

Co-Listed By

Michael Garabedian

London Properties, Ltd. License #01189466

London Properties, Ltd.

Last Buyer's Agent

Michael Garabedian

London Properties, Ltd. License #01189466

London Properties, Ltd.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.33

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 9,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Parking

  • Carport
  • Uncovered Parking

Additional Features

  • 14,567 Sq Ft Lot
  • Central Air

Community Details

  • 12 Units
  • Gross Income $82,500

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.33 Acres

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 77.78
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1976

Interior Features

  • Fireplace: None
  • Bathrooms: 12.00
  • Bedrooms: 24
  • Square Footage: 9000.00

Exterior Features

  • Roofing: Rolled Comp
  • Exterior: Stucco, Wood
  • Foundation: Both

Garage/Parking

  • Additional Parking: Carport, Uncovered

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.3344
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 14567.00
  • Price Per Acre: 2093301.44

Building Info

  • Year Built: 1976

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 82500.00
  • IncomeIncludes: Unit Rent
  • Total Units: 12

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
06/08/2017 06/08/17 Sold $700,000 0.0% $78 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $700,000 -- $78 / 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 $4,709 $406,200 $23,209 $382,991
2023 $4,709 $390,428 $22,308 $368,120
2022 $4,400 $382,773 $21,871 $360,902
2021 $4,318 $375,269 $21,443 $353,826
2020 $4,397 $371,422 $21,224 $350,198
2019 $4,364 $364,140 $20,808 $343,332
2018 $4,025 $357,000 $20,400 $336,600
2017 $2,442 $213,988 $28,528 $185,460
2016 $2,382 $209,793 $27,969 $181,824
2015 $2,347 $206,642 $27,549 $179,093
2014 $2,192 $202,595 $27,010 $175,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 482020

Fresno MLS
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