Description
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
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Listing Information provided courtesy of the Fresno MLS/Association of Realtors. 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. Updated: 30th September, 2023 4:54 AM (UTC)
Listing Agent: Puneet Bhargava
Listing Office: Guarantee Real Estate
