$475,000
SOLD SEP 15, 2014

5533 S Rowell Ave Fresno, CA 93725

24 Beds
12 Baths
7,140 Sq Ft
0.3 Acres

Recently Sold

$67 Per Sq Ft

3 Days on Market

Highlights

  • 0.3 Acre Lot
  • Fenced Yard
  • Central Air
  • Corner Lot

About This Home

As of September 2016

Attention Apartment Investors! Here is an opportunity to add a solid 8% Cap Rate, cash flowing property to your portfolio's. Quality wood frame construction, stucco exterior and comp shingle roof. Built in 2004 this property features 2 buildings totaling 6 units on a large corner lot. Each unit features 4 bedrooms & 2 full bathrooms with over 1,100 sq ft of living space. All units have inside washer/dryer hookups, walk in closets, dishwashers, large balconies or patios and Central Heat & Cooling systems, covered car port parking. Building is only 10 years old which means lower maintenance cost, less expense, and vacancy. Three (3) units have undergone complete rehab including new carpet, paint, fixtures, doors, appliances, etc. A prudent investor can achieve excellent returns with proper management. Currently, each unit is rented, with a waiting list to get in. Please See AGENT remarks for Bonus Opportunity. See attached rent roll, termite report. Write offer subject to inspection.

Last Agent to Sell the Property

Matt Garabedian

Royal Realty Property Manageme License #01842596 Listed on: 08/22/2014

Last Buyer's Agent

Paul Gestic

Fresno Income Properties License #01376488

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 0.3 Acre Lot
  • Fenced Yard
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • Carport

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 7,140 Sq Ft Home
  • 2-Story Property
  • Second Stove

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Gross Income $59,100

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 66.53
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 2004

Interior Features

  • Dishwasher: All Units
  • Disposal: All units
  • Refrigerator: More than One Unit
  • Stove: More than One unit
  • Bathrooms: 12.00
  • Bedrooms: 24
  • Square Footage: 7140.00

Exterior Features

  • Yard: Sprinkler - Front, Fenced
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.2984
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 13000.00
  • Price Per Acre: 1591823.06

Building Info

  • Year Built: 2004

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 59100.00
  • IncomeIncludes: Unit Rent, Lease
  • Total Units: 6

MLS Schools

  • School District 2: Fresno Unified

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
09/02/2016 09/02/16 Sold $475,000 0.0% $67 / Sq Ft
08/18/2016 08/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $475,000 0.0% $67 / Sq Ft
09/15/2014 09/15/14 Sold $475,000 0.0% $67 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $475,000 -- $67 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Gestic

    Seller's Agent in 2016

    Paul Gestic

    Fresno Income Properties

    (559) 438-9425

    3 in this area

    142 Total Sales

    Paul Gestic
    Section Image

  • N

    Buyer's Agent in 2016

    Nicholas Hahn

    Nicholas Hahn Realty

  • Matt Garabedian

    Seller's Agent in 2014

    Matt Garabedian

    Royal Realty Property Manageme

    (559) 978-2241

    13 Total Sales

    Matt Garabedian
    Section Image
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Map

Source: Fresno MLS

MLS Number: 431478

Fresno MLS
California Fresno County Fresno 93725

5533 S Rowell Ave, Fresno, CA

This home is located at 5533 S Rowell Ave, Fresno, CA 93725 and is currently priced at $475,000, approximately $66 per square foot. This property was built in 2004. 5533 S Rowell Ave is a home located in Fresno County with nearby schools including Calwa Elementary School, Sequoia Middle School, and Roosevelt High School.

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