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Listing 19 out of 54
$349,000 For Sale
15 units | Multi Family Home
1.7 acre lot - MLS# 479930
Property Photo
1/7

Description

Opportunity for savvy investor to acquire a multi-family property for significantly less than market value. Property sits on 1.7 acres with 11 contiguous units varied between one bedroom and studio apartments with an additional 4 units that are detached. Property also has a large storage area that used to be a bar many years ago in addition to the 15 units. Property has private well but is run off city sewer services. Currently 4 units are rented at an average of $450 in rent. Property is a legal non confirming zoned AL20. Property needs work but can be brought up to a great cash flowing property. Some units are separately metered for gas & electric approx 10 units share single electric meter although they have separate gas hookup.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 to 15 Units
  • Listing Status: Active
  • Listing Price: $349,000
  • County/Area: Fresno County
  • Zip Code: 93662
  • Year Built: 1940
  • School District: Selma
  • Elementary School: Garfield
  • Middle School: Lincoln
  • High School: Selma
  • Sq.Ft.: 8,239 sq ft
  • Stories: One
  • Units: 15 units
  • Bedrooms: 15
  • Baths (full): 15
  • Baths (partial): 1
  • Total Baths: 15.00
  • Garage: 1-Car
  • Acres: 1.7 acre lot
  • Annual Expense: 44500.00
  • Annual Income: 99000.00
  • Estimated Selling Date: 1800-01-01
  • Expenses Include: Management, Maintenence/Repair, Insurance, Gas, Electric, Water, Taxes, Vacancy Factor
  • Exterior: Stucco
  • Foundation: Both
  • Gas & Electric: Public Utilities
  • Heat/Cool: Floor or Wall Heat, Window or Wall A/C
  • Income Includes: Unit Rent
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Lot Square Footage: 74052.00
  • Net Income: 54500.00
  • Roofing: Comp Shingle
  • Sewer/Water: Community Well, Public Sewer
  • Sold Date: 1800-01-01
  • Sources of Inc/Exp: Projected
  • Square Footage Source: Tax Records
  • Tenant Pays: Electricity, Gas
Courtesy of Royal Realty Property Mannagement & Investment Inc, Matthew Garabedian

Copyright 2017 Fresno Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Fresno Association of REALTORS. Information provided is deemed reliable but not guaranteed. Individuals are advised to verify facts that are important to them. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Fresno Association of REALTORS does not create, control or review the property data displayed herein and take no responsibility for the content of such records. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purshasing.Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Last Updated On: 2017-05-24.

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