4561 E White Avenue, Fresno CA, 93702
(Active)
$620,000
|
5 beds, 2,828 sqft
|
MLS# 610492
Last Updated: 5/2/2024 12:12 AM
Description for
4561 E White Avenue
Fresno, CA 93702
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
Price
$620,000
Fresno
5
2,828 (approx)
610492
Active
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 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
Listing Information
| Property Type: Multi-Family, Other | ||
| 5 | 0.19 Acres | 2,828 (approx) |
| 1960 | Stucco | |
Concrete Perimeter
Public
Public Sewer
Neighborhood
School Information
| District: Fresno Unified | ||
| Leavenworth | Yosemite | McLane |
Room Information
Interior Features
Window Unit(s)
Exterior / Lot Features
Stucco
Driving 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
Listing Price History
Fresno Real Estate
Fresno is located in California. Fresno, California 93702 has a population of 525,107.
The median household income in Fresno, California 93702 is $30,678. The median household income for the surrounding county is $57,469 compared to the national median of $66,222. The median age of people living in Fresno 93702 is 34 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/6/2024 | Active | $620,000 USD 43.85% |
|
| 1/9/2023 | Sold | $431,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $1,995 USD | 1.32% | $148,001 USD | - |
| 2022 | $1,969 USD | 2.66% | $148,001 USD | 2.00% |
| 2021 | $1,918 USD | 0.42% | $145,100 USD | 3.06% |
| 2020 | $1,910 USD | 3.80% | $140,798 USD | - |
| 2019 | $1,840 USD | 2.11% | $140,798 USD | 2.00% |