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4561 White Avenue E
Fresno CA 93702 US

$620,000

Active Listing ID 610492
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5 bed
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5.00 Bath (5 Full Bath)
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Lot: 0.19 Acres
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Other

$620,000

Active Listing ID 610492
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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

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Property Features

  • Facts
  • Lot Size: 0.19 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • Exterior Finish: Stucco
  • Roof Type: Composition

School Information

  • School
  • Leavenworth(Elementary)
  • Yosemite(MiddleSchool)
  • McLane(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 620000
  • unparsedaddress: 4561 White Avenue E
  • postalcity: Fresno
  • stateorprovince: CA
  • country: US
  • postalcode: 93702
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.186
  • lotsizeunits: Acres
  • lotsizearea: 0.186
  • livingarea: 2828
  • livingareaunits: Square Feet
  • latitude: 0
  • longitude: 0
  • listagentfullname: Puneet Bhargava
  • listagentemail: Puneet@realtyconcepts.com
  • listagentkey: 3yd-FARCA-16167
  • listagentmlsid: 16167
  • listagentpreferredphone: 2747025
  • listagentofficephone: 5594901500
  • listofficekey: 3yd-FARCA-630
  • listofficemlsid: 630
  • disclaimer: 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.
  • sourcesystemid: FARCA
  • yearbuilt: 1960
  • listingcontractdate: 2024-04-06
  • listagenturl: https://sites.google.com/site/guideforlandlords/general-tips-to-manage-property
  • countyorparish: Fresno
  • parcelnumber: 45431210
  • elementaryschool: Leavenworth
  • highschool: McLane
  • elementaryschooldistrict: Fresno Unified
  • middleorjuniorschooldistrict: Fresno Unified
  • highschooldistrict: Fresno Unified
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Carport
  • roof: Composition
  • waterfrontyn: False
  • exteriorfeatures: Stucco
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 4/24/2024 8:40:29 PM GMT
Source Updated Date: 5/14/2024 6:52:27 AM GMT

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.

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