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4561 E White Avenue Fresno, CA, United States 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 $1047, Unit B $1204 Unit C $1169, Unit D $vacant Pot for %1205 Unit E $861 Occupancy: 80%, with 3 units on Fresno Housing Authority vouchers.Current Rent: $5486 month ($65832 annually).Potential Rent: Up to $6,160/month with a 9.2% increase, considering the maximum Fresno HA voucher amount ($1,308).Expenses: $13,455 annually.--As per current expenses stated by the seller.--New buyer may have more or less.Cap Rate: Caprate---$ 5400X 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

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Amenities

  • Bedrooms: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 0
  • Property Type: Other
  • Home size: 2,828 ft2 / 262.73 m2
  • MLS: 610492
  • Web ID: EWQT4Z
  • Status: Contingent

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Property brokered by

Realty Concepts, Ltd.

(559) 490-1547

Get more listing details on brokerage site

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