3468 South Frank Avenue

Fresno, CA 93725

$450,000
Last Sold Price
Beds
2,340 Sq. Ft.
$192 / Sq. Ft.
2,340
Sq. Ft.
$192
per Sq. Ft.

Description

Great opportunity to own 5 individual rental properties! These individual houses are located on a 15,000 sqft corner lot, minutes away from FWY 99. Each property is approximately 468 sqft, each with 1 bedroom & 1 bath. Potential rent income from Section 8 is $1272 per house, totaling $6360 per month, $76,320 per year. Current rents are below market rate. Also near Malaga Community Park & Recreation Center which has pool, soccer field, and playground. Make a contingency offer subject to inspection.Great opportunity to own 5 individual rental properties! These individual houses are located on a 15,000 sqft corner lot, minutes away from FWY 99. Each property is approximately 468 sqft, each with 1 bedroom & 1 bath. Potential rent income from Section 8 is $1272 per house, totaling $6360 per month, $76,320 per year. Current rents are below market rate. Also near Malaga Community Park & Recreation Center which has pool, soccer field, and playground. Make a contingency offer subject to inspection.
  1. Listed by Judy Ramos • DRE #01488527 • Coldwell Banker Realty

Property Details for 3468 South Frank Avenue

City
FRESNO
Building Type
Other
Property Sub Type
Other
Total # Parking Spaces
0

Location

Listing Courtesy of Coldwell Banker Realty

Sold By Out of Area Office

Add your commute
LISTING UPDATED: 07/22/2023 06:19 PM

Property Details for 3468 South Frank Avenue

StatusSold
MLS #ML81928099
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1958
Lot Size0.34 AC / 15,000 SF
CountyFresno County

Location

Listing Courtesy of Coldwell Banker Realty

Sold By Out of Area Office

Add your commute

Building Information for 3468 South Frank Avenue

Stories-Residences5Year Built1958Building Size-Lot Size0.34 AC / 15,000 SF

Payment Calculator

$2,632 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$176

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3468 South Frank Avenue

Features
Feature Details
  • Flooring: Laminate
Utility Details
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA: No
Property Details
  • City Transfer Tax: Yes
  • Lot Sq Ft Apx: 15000
  • Lot Size Square Feet: 15000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 2340
  • Year Built: 1958
  • Zoning: R3
Location Details
  • Directions to Property: From 99 South, exit onto Centra
  • FIPS Code: 06019
  • Parcel Number: 331-163-06
  • Board ID: Datashare MLSListings
  • Street Direction: S
Multi Family Information
General Details
  • Units Total: 5
  • Tenant Pays: Electric, Gas
Income / Expense Details
  • Operating Expenses: Water
Multi Family 5+ Information
Unit 1
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 Approx SqFt: 468
Unit 2
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 Approx SqFt: 468
Unit 3
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 Approx SqFt: 468
Unit 4
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 Approx SqFt: 468
Unit 5
  • Unit # 5 # of Bedrooms: 1
  • Unit # 5 Approx SqFt: 468
Building Details
  • Apx Lot Acres: 0
Income / Expense Details
  • Annual Gross Sched Income: $76,320
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Gross Rent Multiplier: 6.88
  • Net Operating Income: $76,320
Other Financial Information
  • Cap Rate: 14.68
Additional Information
Additional Information
  • Fireplace: No

Property History for 3468 South Frank Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3468 South Frank Avenue

Taxable ValueLand$42,250Additions$138,832Total$181,082
Tax Record2023$2,115 ($176 / month)
Home Facts
Total Finished SqFt468 SqFtAbove Grade Finished SqFt468 SqFtStories1Lot Size15,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958ZoningR3CountyFRESNOAPN331-163-06Fireplace TypeHas Fireplace

Schools near 3468 South Frank Avenue

This home is within Fresno County Office Of Education School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Malaga Elementary School
PublicK to 5

John Sutter Middle School
Public6 to 8

Fowler High School
Public9 to 12

Kepler Neighborhood
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.