4776 E Clay Avenue

    Fresno, CA 93702
    • $1,615,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 521317
    UPDATED: 71 min ago
    $1,615,000
    • 35
      BEDS
    • 0.66
      ACRES
    • 23
      BATHS
    • 0
      1/2 BATHS
    • 15,968
      SQFT
    • $101
      $/SQFT
    Neighborhood:
    702
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:
    702

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Presenting pride of ownership 19 unit complex with a pool. Owned by the same family for about 25 years. Unit mix 12-2bed/1bath 4-3bed/2bath 3-1bed/1bath. The new roof was installed 5 to 7 years ago. At the same time all of the AC units have been replaced. There are some window AC units. Security gates are remote operated for easy tenant access. Some tenants have occupied the property for the past 10 to 17 years. This is a turnkey property in great shape surrounded by single family homes with very little competition. There is no differed maintenance. The rents are way below market value. New owner will improve the cash flow by raising rents to current level. Each unit has assigned carport. There is ample guest parking. Please do not walk the grounds or disturb the tenants. Please submit offers subject to inspection.

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    © 2019 Fresno Multiple Listing Service, Inc. 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 purchasing. 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. Data last updated: 2019-04-25T18:46:56.227.
    www.realtorsoledad.com/homes/93674893

    4776 E Clay Avenue Fresno, CA 93702

    • Price: $1,615,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 521317
    35
    Beds
    23
    Baths
    0
    ½ Baths
    0.66
    Acres
    15,968
    SQFT
    $101
    $/SQFT
    1963
    Built
    Neighborhood:
    702
    County:
    Fresno
    Area:
    702
    Elementary School:
    Addams
    Middle School:
    Scandinavian
    High School:
    Sunnyside
    School District:
    Fresno Unified
    Property Description
    Presenting pride of ownership 19 unit complex with a pool. Owned by the same family for about 25 years. Unit mix 12-2bed/1bath 4-3bed/2bath 3-1bed/1bath. The new roof was installed 5 to 7 years ago. At the same time all of the AC units have been replaced. There are some window AC units. Security gates are remote operated for easy tenant access. Some tenants have occupied the property for the past 10 to 17 years. This is a turnkey property in great shape surrounded by single family homes with very little competition. There is no differed maintenance. The rents are way below market value. New owner will improve the cash flow by raising rents to current level. Each unit has assigned carport. There is ample guest parking. Please do not walk the grounds or disturb the tenants. Please submit offers subject to inspection.
    Exterior Features

    Exterior StuccoWood Facilities PoolUtility Room Parking CarportUncoveredOne Space Per Unit Region Urban Roofing Other Yard Sprinkler - FrontSprinkler - BackSprinkler - AutoFenced

    Interior Features

    Fireplace None Floor Concrete Perimeter Heating And Cooling Central Heat/CoolCentral HeatFloor Or Wall HeatWindow Or Wall A/C Refrigerator More Than One Unit Stories Two Stove All Units

    Property Features

    Annual Expense 52006.00 Annual Income 150000.00 Cross Street Address Olive Ave/Chestnut Ave Documents Available LeasesProfit & LossInventory List Expenses Include GardenerMaintenence/RepairInsuranceElectricWaterSewerPoolTaxesVacancy Factor First Loan Type Free & Clear Gas And Electric Public Utilities Income Includes Unit RentMonth To MonthLeaseBoth Lease Type Net Lot Measurement Sqft Net Income 97994.00 Property Subtype1 16 Units & More Reo Or Bank Owned No Sale Options Total Parcel Only Second Loan Type Non-Assumable Sewer Water Public WaterPublic Sewer Special Features Security Gate Square Footage Source Tax Records Tenant Pays ElectricityGasCable Tv Terms ConventionalCashSubmit Transaction Type Sale Unique Conditions 1031 Exchange

    Listing provided courtesy of Paul Gestic of Fresno Income Properties.


    © 2019 Fresno Multiple Listing Service, Inc. 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 purchasing. 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. Data last updated: 2019-04-25T18:46:56.227.
     
    RE/MAX Gold
    7050 N. Fresno St. Suite #204
    Fresno CA, 93720