Listing ID586686
Price$499,000
StatusPending
Bedrooms5
Total Baths4
SqFt
3,306
Acres
0.280
CountyFresno
Year Built1950
Property TypeMulti-Family
Property Sub TypeQuadruplex
Cash flowing 4 plex on a large corner lot in the heart of Mayfair! This property is projected to produce monthly rents over $4100/month! This property has been well cared for by the current owner and will make a great investment for the next buyer. All leases are month to month. This property has the opportunity to be purchased by an owner-occupant who desires to live in the newly updated unit. There are value add opportunities including renting the garages, raising rents to market value and adding coin-op laundry machines for the tenants to use. Please do not walk the grounds or disturb the tenants, call your real estate agent for more information.Current Unit Mix:2404 - 2bed/1bath - $1400/month - 1200 Sqft3105 - 1bed/1bath - $806/month - 740 Sqft3107 - 1bed/1bath - $806/month - 740 Sqft3109 - 1bed/1bath - $1095/month (Projected) - 740 Sqft
County
Fresno
Price Before Reduction
525000
Price Reduction Date
2023-01-20T00:04:45+00:00
Property Sub Type
Quadruplex
Property Type
Multi-Family
Year Built
1950
Fireplace
None
Floor
Concrete Perimeter
Heating/Cooling
Central Heat/Cool, Evaporative, Floor or Wall Heat, Window or Wall A/C
Stories
One
Exterior
Stucco
Garage Spaces
3
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
12180
Parking
Carport, Covered
Roofing
Composition
Sewer/Water
Public Water, Public Sewer
Site Amenities
Corner
Yard
Sprinkler - Front, Sprinkler - Auto, Mature Landcsape
APN
44529112
Area
703
Cross Street Address
First St.
Directions
Property is located on the NE Corner of Clinton and First
FIPS Code
19
School District
Fresno Unified
School Name 1
McLane
School Name 2
Scandinavian
School Name 3
Birney
School Type 1
High School
School Type 2
Junior High School
School Type 3
Grade School
Association
Fresno MLS
Cumulative Days On Market
101
Days On Market
101
Documents Available
Profit & Loss
Facilities
Play Yard
Lot Size Source
(Tax Records)
Property Disclaimer
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
Special Features
Extra Storage, Security Gate
Square Footage Source
Tax Records
Total Buildings
1
Total Units
4
Agreement Type
Exclusive Right To Sell
Annual Expense
29192
Annual Income
45456
Expenses Include
Management, Gardener, Maintenance/Repair, Insurance, Accounting/Legal, License/Ads, Gas, Electric, Water, Sewer, Taxes, Vacancy Factor
Income Includes
Unit Rent, Other, Month to Month
Lease Type
Net
Net Income
16264
Price Per Acre
1784692.42
Price Per Square Foot
150.94
REO/Bank Owned
no
Sale/Options
Total Parcel Only
Sources of Income/Expenses
Owner, Property Manager
Tenant Pays
Electricity, Gas, Cable TV
Terms
Government, Conventional, Cash
Transaction Type
Sale
Unique Conditions
1031 Exchange
Listing courtesy of Jeffrey D. Zimmerman of Realty Concepts, Ltd.
Contact - Listing ID 586686
Fresno Income Properties - Paul Gestic
7575 N. Del Mar Avenue, Suite 102
Fresno, CA 93711
Phone: 559-438-9410
Data services provided by IDX Broker
