MLS # 434789 | Listed by Puneet Bhargava with Guarantee Real Estate|4561 E White Avenue is a $599,000, 2,828 square foot, 5 bedroom, 5.0 bath home on a 0.19 acre lot located in Fresno, CA.
Seller is open to seller financing with large down payment. 5 Unit Apartment Complex, 4 units are on HA v oucher-Rent is as follows Unit A $1041, Unit B $1204 Unit C $1041, Unit D $1041 Unit E $861 Total Rent is $ 5188, All units are 1 bed 1 bath.Fresno HA Voucher goes upto $1308, Rent can be increased by 9.2% total potential rent will be $5665 once rent is increased. Current Gross Rent is $ 62256 Current Annual Expenses as per owner is --$ 13455Caprate---$ 625/$599000 X 100 = 8.14 ( Caprate must be recalculated by Buyer and Agent )All units are occupied, carport for 5 cars, nice property, Lot of potential, Great passive incomePictures are recent when the unit was vacant On July 20th 2023 , due to privacy of tenants, today's pictures are not possible. At some point of time in future potential rent will be $6500 pm because the maximum amount of rent by HA for 1 bed voucher is $1308 PMIn that case the cap rate will be 785/599000 x 100 = 10.7
| Above Grade Sqft | 2,828 |
| Interior Features | Floor or Wall Unit Window or Wall A/C |
| Fireplace Types | None |
| Parking Types | Carport |
| Exterior Features | Stucco Public Utilities Natural Gas |
| Water Source | Public Water |
| Sewer | Public Sewer |
| Property Type | Income |
| Property Sub Type | 5 to 15 Units |
| Year Built | 1960 |
| County | fresno |
| School District | fresno unified |
Based on information from the Fresno Association of Realtors® Multiple Listing Service, last updated 12/08/2023 at 04:30pm MST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing 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 purchasing. Information deemed reliable but not guaranteed by the MLS or this website. The Broker's Offer of Compensation is made only to Participants of the MLS where the listing is filed.
