NOT LISTED FOR SALE

965 N College Ave Fresno, CA 93728

Tower District Neighborhood
4 Beds
4 Baths
2,517 Sq Ft
7,500 Sq Ft Lot

Last Sold April 05, 2019

Last sale price $370,000 $147 Per Sq Ft

4 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Central Air

About This Home

As of April 2019

Come check out this professionally managed 4-unit investment property in this historic Tower District neighborhood! This turn-key property has long term tenants, owned by the same family for 50 years and has maintained a 99% vacancy rate. This property has four 1/1 units with central heat and air. This investment maintains a solid cap rate with year over year profits. After all expenses and adjustments for the new property taxes, you will still maintain 5+% cap rate with room for value adds. Property has been professionally managed for many years and the exterior has been well taken care of. BONUS!! Coin operated laundry on-site. (not calculated in cap rate). Seller has an additional 4-unit (cottage style) property for sale next door and would prefer they are both sold to the same buyer, but not required. Please see the additional 4-plex for sale at MLS #516477. All deposits on hold will transfer to new owner. Perfect turn-key addition to your growing property portfolio.

Last Agent to Sell the Property

Chad Deihl

eXp Realty of California, Inc. License #01984814 Listed on: 01/25/2019

eXp Realty of California, Inc.

Last Buyer's Agent

Angie Hyatt

Hyatt Real Estate License #01013098

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,500 Sq Ft Lot
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,517 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Gross Income $33,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Quadruplex
  • Price Per Square Foot: 147.00
  • Year Built Exception: 0
  • Stories: One
  • Unique Conditions: Probate
  • Special Features: None
  • Year Built: 1950

Interior Features

  • Fireplace: None
  • Bathrooms: 4.00
  • Bedrooms: 4
  • Facilities: Utility Room
  • Square Footage: 2517.00

Exterior Features

  • Yard: Sprinkler - Front, Sprinkler - Auto, Mature Landcsape
  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport, Covered

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Schools

  • School District: Fresno Unified

Lot Info

  • Acres: 0.1722
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7500.00
  • Price Per Acre: 2148664.34

Building Info

  • Year Built: 1950

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 33540.00
  • IncomeIncludes: Unit Rent
  • Total Units: 4

MLS Schools

  • School District: 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
04/05/2019 04/05/19 Sold $370,000 0.0% $147 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $370,000 -- $147 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chad Deihl

    eXp Realty of California, Inc.

    Section Image
  • Angie Hyatt

    Buyer's Agent in 2019

    Angie Hyatt

    Hyatt Real Estate

    (559) 287-9961

    104 Total Sales

    Angie Hyatt
    Section Image
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Map

Source: Fresno MLS

MLS Number: 516569

Fresno MLS
California Fresno County Fresno 93728 Tower District

965 N College Ave, Fresno, CA

This home is located at 965 N College Ave, Fresno, CA 93728 since 25 January 2019. This property was built in 1950. 965 N College Ave is a home located in Fresno County with nearby schools including Susan B. Anthony Elementary School, Tehipite Middle School, and Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Fresno MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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