584 E Manning Avenue

    Reedley, CA 93654
    • $450,000
    • STATUS: Active Under Contract
    • ON SITE: 82 days
    • ID#: SP19152254
    Under Contract
    UPDATED: 34 min ago
    $450,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,852
      SQFT
    • $117
      $/SQFT
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    Great long term investment property in Reedley, CA next to Reedley City College. This fourplex brings in a net income of $3,425 per month and is being sold at a 6.6% cap rate. Long term tenants help keep the property clean and take great care of their units. This property also includes a seperate laundry room with owned coin op washer and dryer, a one year old roof, and all A/C units have been serviced within the last month. All units have their own carport and storage. Call today for more information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T11:37:15.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96352238

    584 E Manning Avenue Reedley, CA 93654

    • Price: $450,000
    • Status: Active Under Contract
    • Updated: 34 min ago
    • ID#: SP19152254
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    3,852
    SQFT
    $117
    $/SQFT
    1969
    Built
    County:
    Fresno
    Property Description
    Great long term investment property in Reedley, CA next to Reedley City College. This fourplex brings in a net income of $3,425 per month and is being sold at a 6.6% cap rate. Long term tenants help keep the property clean and take great care of their units. This property also includes a seperate laundry room with owned coin op washer and dryer, a one year old roof, and all A/C units have been serviced within the last month. All units have their own carport and storage. Call today for more information.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 SqftSprinklers Manual Lot Size Source Assessor Lot Size Units Square Feet Parking Features Attached Carport Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Roof Composition Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Flooring CarpetLaminateTile Heating Central Heating YN Yes Laundry Features Dryer IncludedIndividual RoomWasher Included Levels One Room Type All Bedrooms Down Window Features Blinds

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet LightsUrban Country Us Electric Expense 1158.00 Elevation Units Feet Fuel Expense 1158.00 Gross Equity 41100 Gross Income 41100.00 Gross Operating Income 41100.00 Gross Scheduled Income 41100.00 Inclusions Coin Op Laundry Insurance Expense 1135.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1416.00 Laundry YN Yes Net Operating Income 30670.00 New Construction YN No New Taxes Expense 4141.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 11844.00 Present Loans 0 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Sprinklers YN Yes Total Expenses 11844.00 Trash Expense 1158.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 1158.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Savannah Heskett of Modern Broker, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T11:37:15.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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