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Well maintained corner units located in area of like and kind properties featuring (6) 1 bedroom 1 bath units and (4) 2 bedroom 1 bath units along with a nice coin-op laundry. Carports in the rear have been updated with metal roofing added and the exterior has been painted in the last couple years. Most tenants are long term. Current CAP is 5.0% but there is room to move it to 6.8% if the new owner wants.

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thought you might be interested in the following property:

402 S Dearing Avenue

Fresno, CA 93702

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thought you might be interested in the following property:

402 S Dearing Avenue

Fresno, CA 93702

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402 S Dearing Avenue

Fresno, CA 93702

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402 S Dearing Avenue

Fresno, CA 93702

$639,900

Listed On 01/23/2019

Status: Active

14 Bed / 10 Bath
6,328 Square Feet (PER TAX RECORDS)
0.42 Acres (PER TAX RECORDS)

Listing #516526 (FRESNO MLS)

LONDON PROPERTIES INVESTMENT GROUP

REALTOR® / Lic. #01189466

559.436.4065

lpig@londonproperties.com

Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties


[GET DIRECTIONS]

402 S Dearing Avenue

Fresno, CA 93702

402 S Dearing Avenue

Fresno, CA 93702

[GET DIRECTIONS]


Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties

Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties

$639,900 14 Bed / 10 Bath 6,328 Square Feet (PER TAX RECORDS) 0.42 Acres (PER TAX RECORDS) Status: Active Listing #516526 (FRESNO MLS) Listed On 01/23/2019

Well maintained corner units located in area of like and kind properties featuring (6) 1 bedroom 1 bath units and (4) 2 bedroom 1 bath units along with a nice coin-op laundry. Carports in the rear have been updated with metal roofing added and the exterior has been painted in the last couple years. Most tenants are long term. Current CAP is 5.0% but there is room to move it to 6.8% if the new owner wants.
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General Information
Property Type Multi Family Property Subtype(s) 5 to 15 Units
Price Per Sq. Ft. $101.12 Days On Market/Cumulative Days On Market 8/8
APN 461 233 02[PARCEL MAP] Year Built 1960
County Fresno Area 702
Region Urban # of Units 10
# of Buildings 0 # of Stories One
Sewer/Water Public Water, Public Sewer Gas & Electric Public Utilities
Cross Streets S/ Huntington & W/Chestnut Directions South on Chestnut past Tulare and west on Huntington to Dearing.
Property Type Multi Family
Property Subtype(s) 5 to 15 Units
Price Per Sq. Ft. $101.12
Days On Market/Cumulative Days On Market 8/8
APN 461 233 02[PARCEL MAP]
Year Built 1960
County Fresno
Area 702
Region Urban
# of Units 10
# of Buildings 0
# of Stories One
Sewer/Water Public Water, Public Sewer
Gas & Electric Public Utilities
Cross Streets S/ Huntington & W/Chestnut
Directions South on Chestnut past Tulare and west on Huntington to Dearing.

Nearby Amenities

Restaurants

Groceries

Nightlife

Shopping

Arts & Entertainment

Sunnyside Diner

4.5 star rating

(208 Reviews)

Seafood

$

Sam's Italian Deli & Market

4.5 star rating

(603 Reviews)

Delis

$

Mediterranean Grill & Cafe

4.5 star rating

(348 Reviews)

Mediterranean

$$

Castillo's Mexican Food

4.0 star rating

(322 Reviews)

Mexican

$

Pho Phuong Nine Restaurant

4.0 star rating

(161 Reviews)

Vietnamese

$

Churrasco Grill

4.5 star rating

(305 Reviews)

Mediterranean

$

Mamas Asian Noodle House

4.0 star rating

(307 Reviews)

Laotian

$

javence pizzeria

4.5 star rating

(152 Reviews)

Pizza

$$

Country Fare Cafe

4.0 star rating

(155 Reviews)

Mexican

$

Lao-Thai Restaurant

4.0 star rating

(144 Reviews)

Thai

$

Las Mananitas

5.0 star rating

(54 Reviews)

Mexican

$

Buffalo Ranch Wings & Things

4.5 star rating

(155 Reviews)

American (Traditional)

$

Sushiyaki

4.5 star rating

(119 Reviews)

Teppanyaki

$$

Zamora Carnitas Mexican Restaurant

4.0 star rating

(196 Reviews)

Mexican

$

El Premio Mayor

4.5 star rating

(118 Reviews)

Mexican

$

Taco's & Mariscos Tijuana

4.0 star rating

(112 Reviews)

Mexican

$

B & K Asian Kitchen

4.0 star rating

(169 Reviews)

Thai

$$

Cosmopolitan Tavern

4.0 star rating

(243 Reviews)

Cocktail Bars

$$

Pizza Cycle

4.5 star rating

(45 Reviews)

Pizza

$

The Gastro Grill by Chacon’s Catering

5.0 star rating

(41 Reviews)

Food Trucks

$$


Property/Unit Features
Heating & Cooling Central Heat/Cool Fireplace None
Heating & Cooling Central Heat/Cool
Fireplace None

School Information
School District Fresno Unified Elementary School Olmos
Junior High School Kings Canyon High School Sunnyside
School District Fresno Unified
Elementary School Olmos
Junior High School Kings Canyon
High School Sunnyside

Interior
Flooring Concrete Perimeter    
Flooring Concrete Perimeter

Exterior
Lot Acres (approx) 0.42 (per Tax Records) Lot Sq Ft (approx) 18,200 (per Tax Records)
Parking Features Carport, Covered Garage Spaces 0
Roofing Composition Exterior Stucco, Stone
Spa No Pool No
Lot Acres (approx) 0.42 (per Tax Records)
Lot Sq Ft (approx) 18,200 (per Tax Records)
Parking Features Carport, Covered
Garage Spaces 0
Roofing Composition
Exterior Stucco, Stone
Spa No
Pool No

Miscellaneous Data
REO/Bank Owned No Annual Income $63,224.97
Annual Expense $31,771.45 Net Income $31,453.52
Tenant Pays Electricity, Gas Income Includes Unit Rent, Laundry
Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, License/Ads, Water, Sewer, Taxes Sources of Inc/Exp Owner
REO/Bank Owned No
Annual Income $63,224.97
Annual Expense $31,771.45
Net Income $31,453.52
Tenant Pays Electricity, Gas
Income Includes Unit Rent, Laundry
Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, License/Ads, Water, Sewer, Taxes
Sources of Inc/Exp Owner

Courtesy of Michael Garabedian, London Properties, Ltd.

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

 

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