Description

This is not a Short Sale or Foreclosure. No Realtor or Broker! You're dealing directly with the owner, whose owed the property for over 40 years, and has been a great supplemental income. Quick Close! Cash Offers Accepted! The ideal location for students or family. Walking distance to Fresno State University & Stadium. Great potential for rent increases. 4-Plex has open garage for each unit w/4 garage doors. Laundry Room currently being used for storage; however, has Washer/Dryer hook-up. Newer exterior stucco 1.5 years ago & exterior repainted.


Unit A:
Occupied: Yes (manager) *Unit will be vacated upon purchase
Bedrooms: 1 Identical Units: 3
Square Feet: 707.25
Garage: Yes
Bathroom: 1 Rent: No ($600 potential)

Unit B Unit
Occupied: Yes
Bedrooms: 1 Identical Units: 0
Square Feet: 707.25
Garage: Yes
Bathrooms: 1 Rent: $400 ($600 potential)

Unit C
Occupied: Yes (same tenant for past 10 years)
Bedrooms: 1 Identical Units: 3
Square Feet: 707.25
Garage: Yes
Bathrooms: 1 Rent: 500.00 ($600 potential)

Unit D
Occupied: Yes
Bedrooms: 1 Identical Units: 3
Square Feet: 707.25
Garage: Yes
Bathrooms: 1 Rent: $400.00 ($600 potential)

Financial Data:

Annual Income: $24,000 (based on estimated gross monthly rent when fully occupied)
Potential Annual Income: $28,800 (based on estimated gross monthly rent when fully occupied)
Annual Expenses: $3120 (Estimated). Includes: Insurance, Gas, & Utilities
Net Income $20,888 (Buyer to verify net income)
Potential Net Income: $25,680