4561 East White Avenue

Fresno, CA 93702

$620,000
Price
5
Beds
5
Baths
2,828 Sq. Ft.
$219 / Sq. Ft.
2,828
Sq. Ft.
$219
per Sq. Ft.

Description

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...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
  1. Listed by Puneet Bhargava • DRE #01859500 • Realty Concepts, Ltd. - Fresno
  2. Listed by Citlaly G Ornelas • DRE #01982648 • Guarantee Real Estate

Property Details for 4561 East White Avenue

Garage Spaces
0
Cross Street Address
Belmont and Maple

Location

Listing Courtesy of Realty Concepts, Ltd. - Fresno; Guarantee Real Estate
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LISTING UPDATED: 04/23/2024 03:45 PM

Property Details for 4561 East White Avenue

StatusActive
MLS #610492
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5 to 15 Units
Year Built1960
Lot Size0.19 AC / 8,100 SF
CountyFresno County

Location

Listing Courtesy of Realty Concepts, Ltd. - Fresno; Guarantee Real Estate
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Virtual Tour

Building Information for 4561 East White Avenue

Stories-Residences5Year Built1960Building Size-Lot Size0.19 AC / 8,100 SF

Payment Calculator

$3,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,384

Property Taxes

$166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4561 East White Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: From Belmont Ave & N Maple Ave Fresno, CA 93702 Head north on N Maple Ave toward E White Ave 312 ft Turn left at the 1st cross street onto E White Ave Destination will be on the right 0.1 mi 4561 E White Ave Fresno, CA 93702
  • Census Tract: .00
School Information
  • Schools Comment: Buyer and Buyers agent to verify schools
  • School Name 1: McLane
  • School Name 2: Yosemite
  • School Name 3: Leavenworth
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Carport
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 45431210
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Documents Available: Leases
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 1
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities, Natural Gas
  • Sewer/Water: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Composition
Interior Features
  • Heat/Cool: Floor or Wall Heat, Window or Wall A/C
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $13,455.00
  • Annual Income: $62,256.00
  • Expenses Include: Insurance, Water, Sewer, Taxes
  • Income Includes: Unit Rent
  • Net Income: $48,801.00
  • Total Units: 5
Unit 1 Information
  • Unit Number: 0
  • Unit Description: Unit A
  • Square Feet: 565
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $1,205.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: Unit B
  • Square Feet: 566
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $1,205.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: Unit C
  • Square Feet: 565
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $1,169.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: Unit D
  • Square Feet: 565
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $1,136.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: Unit F
  • Square Feet: 565
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $938.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas
  • Lease Type: Net

Property History for 4561 East White 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 4561 East White Avenue

Taxable ValueLand$23,677Additions$124,324Total$148,001
Tax Record2023$1,995 ($166 / month)
Home Facts
Total Finished SqFt2,828 SqFtAbove Grade Finished SqFt2,828 SqFtStories2Lot Size8,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRS5CountyFRESNOAPN454-312-10Fireplace TypeHas Fireplace

Schools near 4561 East White Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ann B. Leavenworth School
PublicK to 6

Yosemite Middle School
Public7 to 8

Mclane High School
Public9 to 12

Cambridge Continuation High School
Public9 to 12

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.

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4561 East White Avenue is a multi-family home for sale in Fresno, CA 93702. This property was listed for sale on April 6, 2024 by Realty Concepts, Ltd. - Fresno, it's currently listed at $620,000. It has been on the market for a total of 28 days and was last sold on January 9, 2023. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Ann B. Leavenworth School, Yosemite Middle School and Mclane High School. 4561 East White Avenue is a 5-bed, 5-bath, 2,828 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Concepts, Ltd. - Fresno; Guarantee Real Estate

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.