Description
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 78000-13455/599000 x 100 = 10.7
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5BEDS
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0.19ACRES
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5BATHS
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01/2 BATHS
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2,828SQFT
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$212$/SQFT
School Information
Description
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 78000-13455/599000 x 100 = 10.7
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