4561 East White Avenue
4561 East White Avenue
$620,000
5
5
2,828
2,828
$219
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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
- Listed by Puneet Bhargava • DRE #01859500 • Realty Concepts, Ltd. - Fresno
- Listed by Citlaly G Ornelas • DRE #01982648 • Guarantee Real Estate
Property Details for 4561 East White Avenue
Garage Spaces
0
Cross Street AddressBelmont and Maple
Location
LISTING UPDATED: 04/23/2024 03:45 PM
Property Details for 4561 East White Avenue
Status | Active |
---|---|
MLS # | 610492 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 5 to 15 Units |
Year Built | 1960 |
Lot Size | 0.19 AC / 8,100 SF |
County | Fresno County |
Location
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Building Information for 4561 East White Avenue
Stories-Residences5Year Built1960Building Size-Lot Size0.19 AC / 8,100 SF
Payment Calculator
$3,550 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4561 East White Avenue
Property History for 4561 East White Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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