$725,000
3374 W Shields Avenue Fresno, CA 93722
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$725,000
Est. payment /mo
10 BD
10 BA
4,328 SqFt
New
3374 W Shields Avenue Fresno, CA 93722
UPDATED:
11/02/2024 06:33 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,328 sqft
Price per Sqft $167
MLS Listing ID 620987
Bedrooms 10
Year Built 1990
Lot Size 10,890 Sqft
Property Description
Property Type: Fourplex (units designed like townhouses)Units:2 units with 3 bedrooms, 2.5 baths2 units with 2 bedrooms, 2.5 bathsParking: Each unit includes a 1-car garageAdditional Features:Washer/dryer hookupsSmall yard for each unitCommunity poolGated community for securityFinancials:Monthly Rent Income: $6,953 (current rent)Unit 101: $1,874--3 bed/2.5 bathUnit 102: $1,570--2 bed /2.5 bathUnit 103: $1,545--2 bed /2.5 bathUnit 104: $1,964--3 bed/2.5 bathHOA Dues: $1,150/month (covers water, sewer, garbage, security, upkeep, landscaping, pool maintenance, etc.)Cash Flow: Positive cash flow from day of closing, as all units are rented.Market Comparison: Similar properties in the complex grossing around $6,352.Housing Authority Payment Limits:3-Bed Voucher Maximum: $2,2802-Bed Voucher Maximum: $1,620Sale Conditions:The sale is contingent upon the seller finding and securing approval for a replacement property. If the seller does not find a suitable property, they retain the right to cancel the sale.Viewing Information:Interior Pictures: Not available due to tenant privacy. Interior pictures posted are when units were vacant Drive-by only until open house.Open House: Date and time to be announced.Note:This property offers a great opportunity for investors looking for immediate rental income in a secure, well-maintained community. Please submit your offer subject to inspections
Location
State CA
County Fresno
Area 722
Interior
Heating Central Heat/Cool, Central Heat, Central Cooling
Cooling Central Heat/Cool, Central Heat, Central Cooling
Flooring Concrete Perimeter
Fireplaces Type None
Exterior
Exterior Feature Wood
Garage Garage, Carport
Garage Spaces 4.0
Roof Type Composition
Parking Type Garage, Carport
Building
Story Two
Sewer Public Water, Public Sewer
Water Public Water, Public Sewer
Schools
Elementary Schools Mckinley
Middle Schools El Capitan
High Schools Central
School District Central Unified
Listed by Puneet Bhargava • Realty Concepts, Ltd. - Clovis
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