NOT LISTED FOR SALE

581 W Lincoln Ave Unit 21 Clovis, CA 93612

38 Beds
32 Baths
16,918 Sq Ft
0.64 Acres

Last Sold December 31, 2014

Last sale price $1,825,000 $108 Per Sq Ft

83 Days on Market

Highlights

  • 0.64 Acre Lot
  • Cul-De-Sac
  • Central Air
  • Clark Intermediate School Rated A

About This Home

As of December 2014

100% Occupancy !!! 6% CAP on actual I & E. The Lincoln apartment is a turn key project, perfect for out of town investor. 21 units consisting of 4 units one bedroom one bath leased for $621.00/month. 4 units - two bedrooms one bath leased for $795.00/month,6 units - two bedrooms two baths leased for $766.00/month and 7 units two bedrooms two baths leased for $766.00/month. A very well maintained complex, 100% occupied at 6% CAP based on actual I & E. The complex located in a quiet cul-de-sac. Most units were rehabbed in the last two years to include hardwood like floors, remolded kitchens, exterior/interior painting and landscaping. Each unit has range, refrigerator, dishwasher & garbage disposal. ** Existing private 1st in the amount of $1,050,000 at 5.5% IO payment may be assumed

Last Agent to Sell the Property

Esti Barak

Lightning International License #00546141 Listed on: 08/30/2014

Last Buyer's Agent

Janet Bauer

Bauer Real Estate License #01248372

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.64 Acre Lot
  • Cul-De-Sac
  • Sprinkler System

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 16,918 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 38 Bedrooms
  • 32 Bathrooms

Parking

  • Carport
  • Uncovered Parking

Utilities

  • Central Air

Community Details

  • 21 Units
  • Gross Income $183,552

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 107.87
  • Year Built Exception: 0
  • Stories: Two
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1984

Interior Features

  • Dishwasher: All Units
  • Disposal: All units
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 32.00
  • Bedrooms: 38
  • Facilities: Utility Room
  • Square Footage: 16918.00

Exterior Features

  • Yard: Sprinkler - Auto
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport, Uncovered

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Unit: 21
  • Site Amenities: Cul De Sac

Lot Info

  • Acres: 0.6406
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 27904.00
  • Price Per Acre: 2848891.66

Building Info

  • Year Built: 1984

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 183552.00
  • IncomeIncludes: Unit Rent, Laundry
  • Total Units: 21

MLS Schools

  • School District 2: Clovis 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
12/31/2014 12/31/14 Sold $1,825,000 0.0% $108 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
08/30/2014 08/30/14 For Sale $1,825,000 -- $108 / 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 $38,325 $3,235,800 $220,000 $3,015,800
2023 $25,520 $2,104,345 $132,841 $1,971,504
2022 $24,762 $2,067,036 $130,237 $1,936,799
2021 $24,007 $2,020,933 $127,684 $1,893,249
2020 $23,953 $2,003,370 $126,375 $1,876,995
2019 $23,522 $1,966,762 $123,898 $1,842,864
2018 $23,021 $1,928,920 $121,469 $1,807,451
2017 $22,667 $1,894,131 $119,088 $1,775,043
2016 $21,914 $1,857,778 $116,753 $1,741,025
2015 $21,481 $1,377,474 $104,510 $1,272,964
2014 $16,079 $1,355,515 $102,463 $1,253,052
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Esti Barak

    Lightning International

    (559) 448-6552

    1 in this area

    4 Total Sales

    Esti Barak
    Section Image
  • Janet Bauer

    Buyer's Agent in 2014

    Janet Bauer

    Bauer Real Estate

    (559) 977-9995

    2 in this area

    16 Total Sales

    Janet Bauer
    Section Image
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Map

Source: Fresno MLS

MLS Number: 432161

Fresno MLS

APN: 420-141-14

California Fresno County Clovis 93612

581 W Lincoln Ave Unit 21, Clovis, CA

Not Listed for Sale

MultiFamily

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