Listing ID592889
Price$1,200,000
StatusActive
Bedrooms12
Total Baths8
SqFt
4,112
Acres
0.289
CountyFresno
Property TypeMulti-Family
Property Sub TypeQuadruplex
New Construction, Plans approved through the city of Fresno. 4 Units, Each unit has 3 Bedrooms and 2 Bathrooms with washer/dryer hookups and solar.. Each unit to be over 1000 square feet of living space and to be equipped with appliances. Floor units are constructed with a concrete 3D printer. They will be ecologically friendly with much less maintenance. They will also be more resistant to water damage, fire damage and termite damage. Additionally these building are much more resistant to earthquake damage the traditional build. Each unit should rent for a minimum of $1700. Calculating 10% for operating expenses this renders a 6% CAP rate at the current price. Price is discounted for sale before construction. If property is not sold before construction is started price will be $1.5mil rendering a 5% CAP rate. By purchasing early you receive a much better buy.
County
Fresno
Property Sub Type
Quadruplex
Property Type
Multi-Family
Fireplace
None
Floor
Concrete Perimeter
Heating/Cooling
Central Heat/Cool
Stories
Two
Exterior
Other
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
12600
Parking
Uncovered
Roofing
Composition
Sewer/Water
Public Water
APN
NEW/UNDER CONSTRUCTION/NA
Area
701
Cross Street Address
Olive and Fresno
Directions
North of HWY 180, South of Olive and West of Fresno
FIPS Code
19
School District
Fresno Unified
School Name 1
Roosevelt
School Name 2
Tehipite
School Name 3
Webster
School Type 1
High School
School Type 2
Junior High School
School Type 3
Grade School
Association
Fresno MLS
Cumulative Days On Market
1
Days On Market
1
Disclosures
Call Agent
Lot Size Source
(Tax Records)
Property Disclaimer
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
Square Footage Source
Seller
Total Units
4
Agreement Type
Exclusive Right To Sell
Annual Expense
8160
Annual Income
81600
Expenses Include
Gardener, Maintenance/Repair, Electric, Water, Sewer, Vacancy Factor
Income Includes
Unit Rent
Lease Type
Net
Net Income
73440
Price Per Acre
4147943.31
Price Per Square Foot
291.83
REO/Bank Owned
no
Sources of Income/Expenses
Projected, None
Tenant Pays
All Utilities
Terms
Cash, Owner Carry, Limited Financing
Transaction Type
Sale
Listing courtesy of Jason Gobeli of Solid Real Estate Solutions
Contact - Listing ID 592889
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
