5045 E Lane Avenue

    Fresno, CA 93727
    • $385,000
    • STATUS: Active
    • ON SITE: 142 days
    • ID#: 529670
    UPDATED: 56 min ago
    $385,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,640
      SQFT
    • $106
      $/SQFT
    Neighborhood:
    727
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:
    727

    School Information

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

    Description

    Please find this 2-story/4-plex rental property in southeast Fresno, right adjacent to Greenberg Elementary, right across from IRS Processing Center and just down the street from Sunnyside High. It's close to many supermarkets, shops and restaurants along E. Kings Canyon Road. Owner has done many improvements over the years and the property provides generous cash flows and great cap rate. There is also an attached structure which is used as a laundry room that could potentially generate additioal income for the new owner. Owner is also selling 3 adjacent 4-plexes - 5035, 5039, 5049 E Lane Ave.(each with its own separate APN). Prospective buyer is well advised to purchase all 4 4-plexes together to achieve economy of scale in property investment/management while still remain flexible in financing options (conventional financing for 4-unit residential property x 4 vs. commerical financing for one 16-unit apartment). Please don't disturb tenants. Owner is happy to accomodate the showings

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    © 2020 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: 2020-01-21T20:47:52.877.
    www.fresyesrealty.com/homes/98544624

    5045 E Lane Avenue Fresno, CA 93727

    • Price: $385,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 529670
    12
    Beds
    4
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,640
    SQFT
    $106
    $/SQFT
    1985
    Built
    Neighborhood:
    727
    County:
    Fresno
    Area:
    727
    Elementary School:
    Greenberg
    Middle School:
    Terronez
    High School:
    Sunnyside
    School District:
    Fresno Unified
    Property Description
    Please find this 2-story/4-plex rental property in southeast Fresno, right adjacent to Greenberg Elementary, right across from IRS Processing Center and just down the street from Sunnyside High. It's close to many supermarkets, shops and restaurants along E. Kings Canyon Road. Owner has done many improvements over the years and the property provides generous cash flows and great cap rate. There is also an attached structure which is used as a laundry room that could potentially generate additioal income for the new owner. Owner is also selling 3 adjacent 4-plexes - 5035, 5039, 5049 E Lane Ave.(each with its own separate APN). Prospective buyer is well advised to purchase all 4 4-plexes together to achieve economy of scale in property investment/management while still remain flexible in financing options (conventional financing for 4-unit residential property x 4 vs. commerical financing for one 16-unit apartment). Please don't disturb tenants. Owner is happy to accomodate the showings
    Exterior Features

    Exterior StuccoWood Parking CarportCoveredOne Space Per Unit Region Urban Roofing Composition

    Interior Features

    Dishwasher None Disposal None Fireplace None Floor Concrete Perimeter Heating And Cooling Central Heat/Cool Refrigerator All Units Stories Two Stove All Units

    Property Features

    Annual Expense 5600.00 Annual Income 54000.00 Cross Street Address E Lane Ave & S Willlow Ave Disclosures Agent/Owner Related Documents Available Leases Expenses Include InsuranceWaterSewer First Loan Type Non-Assumable Gas And Electric Public Utilities Income Includes Unit Rent Lease Type Net Lot Measurement Sqft Lot Size Source (Tax Records) Net Income 48400.00 Property Subtype1 Quadruplex Reo Or Bank Owned No Sale Options Total Parcel OnlyAdjacent Available Sewer Water Public WaterPublic Sewer Square Footage Source Tax Records Tenant Pays ElectricityGasCable Tv Terms ConventionalCash Transaction Type Sale

    Listing provided courtesy of Sean Sanchez of Alliance Realty.


    © 2020 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: 2020-01-21T20:47:52.877.
     
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