Courtesy of: Puneet Bhargava, Realty Concepts, Ltd. - Fresno, Puneet@realtyconcepts.com
Courtesy of: Puneet Bhargava, Realty Concepts, Ltd. - Fresno, Puneet@realtyconcepts.com
$620,000
|
5 bed
|
|
5.00 Bath (5 Full Bath)
|
|
Lot: 0.19 Acres
|
|
Other
|
$620,000
4561 White Avenue E This multifamily deal in Fresno presents an interesting opportunity for investment, particularly because of its involvement with the Fresno Housing Authority and the voucher system.Property: 5-unit apartment complex, all 1 bed 1 bath. Unit A $1205, Unit B $1204 Unit C $1169, Unit D $1136 Unit E $938 Occupancy: 100%, with 4 units on Fresno Housing Authority vouchers.Current Rent: $5, 652/month ($67, 824 annually).Potential Rent: Up to $6, 160/month with a 9.2% increase, considering the maximum Fresno HA voucher amount ($1, 308).Expenses: $13, 455 annually.--As per current expenses stated by the seller.--New buyer may have more or less.Cap Rate: Caprate---$ 54369/620000X 100 = 8.769----Cap rate must be calculated by buyers and buyers agent.Stable Income: The involvement of the Fresno Housing Authority suggests a potentially good rental income, especially with the current 100% occupancy rate.Income Growth Potential: There may be room for rental increases within the Fresno HA voucher limits, which may boost the income and, consequently, the property's value.Low Expenses: The annual expenses are relatively low compared to the gross income, indicating efficient management
Courtesy of: Puneet Bhargava, Realty Concepts, Ltd. - Fresno, Puneet@realtyconcepts.com
Copyright © 2024 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.