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
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 2,828 SqFt
Listing Office:
Office Name: Realty Concepts, Ltd. - Fresno
Office Phone: (559) 490-1500
Listing Agent: Puneet Bhargava
Interior Features
Interior Information:
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Exterior Features
Parking Information:
Parking: Carport
Virtual/3D Tour
Virtual Tour: 4561 E White Ave
Virtual Tour
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Floor Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
McLane High School, Public Magnet Grades 9-12
Yosemite Middle School, Public District Grades 7-8
Ann B. Leavenworth, Public Magnet Grades KG-6
Other
Directions Information:
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
Price Information
Listing Price Info
Price Summary:
List Price: $620,000
Price Per SqFt: $219/SqFt
Tax Information:
Annual Amount: $1,910
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Fresno, CA.
This property is $235.1K more than the Median Sold Price and $23/SqFt less than other homes in Fresno, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #610492
Listing Office:
Office Name: Realty Concepts, Ltd. - Fresno
Office Phone: (559) 490-1500
Listing Agent: Puneet Bhargava
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. The information being provided is 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.
Copyright 2024 Fresno Association of Realtors. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 7:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,910
$142,256
2020
$1,910
$140,798
2019
$1,802
$138,038
2018
$1,803
$135,332
2017
$1,718
$132,679
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Ann B. Leavenworth
4420 E Thomas Ave
Distance between this listing and this school0.23 miles
Public Magnet Grades KG-6
Middle School
2
/10
Yosemite Middle School
1292 N 9th St
Distance between this listing and this school0.85 miles
Public District Grades 7-8
High School
2
/10
McLane High School
2727 N Cedar Ave
Distance between this listing and this school1.70 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Ann B. Leavenworth
4420 E Thomas Ave
Distance between this listing and this school0.23 miles
Public Magnet Grades KG-6
Nearby Schools
3
/10
Burroughs Elementary School
166 N Sierra Vista Ave
Distance between this listing and this school0.60 miles
Public District Grades KG-6
5
/10
Ewing Elementary School
4873 E Olive Ave
Distance between this listing and this school0.87 miles
Public Magnet Grades KG-6
Assigned Schools
2
/10
Yosemite Middle School
1292 N 9th St
Distance between this listing and this school0.85 miles
Public District Grades 7-8
Nearby Schools
3
/10
Kings Canyon Middle School
5117 E Tulare Ave
Distance between this listing and this school1.53 miles
Public District Grades 7-8
1
/10
Tehipite Middle School
630 N Augusta St
Distance between this listing and this school1.82 miles
Public District Grades 6-8
Assigned Schools
2
/10
McLane High School
2727 N Cedar Ave
Distance between this listing and this school1.70 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
Roosevelt High School
4250 E Tulare St
Distance between this listing and this school0.72 miles
Public Magnet Grades 9-12
3
/10
Sierra Charter
1931 N Fine Ave
Distance between this listing and this school1.47 miles
The neighbors living near this home have an average income of $28,846. Residents of Fresno, CA typically earn less than $35k each year. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.
This home is located at 4561 E White Ave in Fresno, CA and zip code 93702 in the Huntington neighborhood. This 2,828 square foot home, which was built in 1960, sits on a 0.19 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 07, 2024 and is currently priced at $620,000.
In April 2024 more than 129 listings in Fresno, CA were sold above the asking price. During the same period more than 66 listings were sold at asking price, while more than 107 were sold below. In April 2024 in Fresno, CA there were 5.6% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $384,894, while the average time on the real estate market was 29 days.
From Rocket Homes Real Estate and based on county public records data.