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3308 E Olive Avenue, Fresno, CA 93702

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Incredible investment opportunity! With $42,000 in annual earnigs, this property will generate a high cap rate and a great return on your investment. All units are occupied with long-term, reliable tenants. Each unit has 4 bedrooms, 2 bathrooms, and includes indoor laundry, private back patio, and one-car garage. Seller has made many recent updates, includiing newly updated kitchens and bathrooms,flooring, doors, window coverings, and lighting and plumbing fixtures. Water heaters and central heaters have been recently replaced, and evap coolers have been serviced for summer. With the recent updates made, this property is sure to have LOW expenses and generate BIG profits!

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3308 E Olive Avenue, Fresno, CA 93702

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3308 E Olive Avenue

Fresno, CA 93702

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Fresno, CA 93702

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3308 E Olive Avenue

Fresno, CA 93702

[GET DIRECTIONS]


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End: 

3308 E Olive Avenue

Fresno, CA 93702

$396,000

Listed On 05/24/2019

Status: Pending (Taking Backup Offers)

12 Bed / 6 Bath
3,960 Square Feet (PER TAX RECORDS)
0.13 Acres (PER TAX RECORDS)

Listing #523792 (FRESNO MLS)

London Properties, Ltd.

LONDON PROPERTIES, LTD.

REALTOR® / Lic. #00463722

559.436.4071

info@londonproperties.com

London Properties

Presented By:

London Properties, Ltd.

(559) 436-4071

Email London

London Properties, Ltd.

[GET DIRECTIONS]

3308 E Olive Avenue

Fresno, CA 93702

3308 E Olive Avenue

Fresno, CA 93702

[GET DIRECTIONS]


London Properties, Ltd.

Presented By:

London Properties, Ltd.

(559) 436-4071

Email London

Presented By:

London Properties, Ltd.

(559) 436-4071

Email London

London Properties, Ltd.

$396,000 12 Bed / 6 Bath 3,960 Square Feet (PER TAX RECORDS) 0.13 Acres (PER TAX RECORDS) Status: Pending (Taking Backup Offers) Listing #523792 (FRESNO MLS) Listed On 05/24/2019

Incredible investment opportunity! With $42,000 in annual earnigs, this property will generate a high cap rate and a great return on your investment. All units are occupied with long-term, reliable tenants. Each unit has 4 bedrooms, 2 bathrooms, and includes indoor laundry, private back patio, and one-car garage. Seller has made many recent updates, includiing newly updated kitchens and bathrooms,flooring, doors, window coverings, and lighting and plumbing fixtures. Water heaters and central heaters have been recently replaced, and evap coolers have been serviced for summer. With the recent updates made, this property is sure to have LOW expenses and generate BIG profits!
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General Information
Property Type Multi Family Property Subtype(s) Triplex
Price Per Sq. Ft. $100.00 Days On Market/Cumulative Days On Market 11/11
APN 454 022 6[PARCEL MAP] Year Built 1975
County Fresno Area 702
Region Urban # of Units 3
# of Buildings 0 # of Stories Two
Sewer/Water Public Water, Public Sewer Gas & Electric Public Utilities
Cross Streets First/Olive Directions First/Olive
Special Features Private Patios    
Property Type Multi Family
Property Subtype(s) Triplex
Price Per Sq. Ft. $100.00
Days On Market/Cumulative Days On Market 11/11
APN 454 022 6[PARCEL MAP]
Year Built 1975
County Fresno
Area 702
Region Urban
# of Units 3
# of Buildings 0
# of Stories Two
Sewer/Water Public Water, Public Sewer
Gas & Electric Public Utilities
Cross Streets First/Olive
Directions First/Olive
Special Features Private Patios

Nearby Amenities

Restaurants

Groceries

Nightlife

Shopping

Arts & Entertainment

Sam's Italian Deli & Market

Sam's Italian Deli & Market

4.5 star rating

(620 Reviews)

Delis

$$

Mediterranean Grill & Cafe

Mediterranean Grill & Cafe

4.5 star rating

(367 Reviews)

Mediterranean

$$

Sushiyaki

Sushiyaki

4.5 star rating

(130 Reviews)

Teppanyaki

$$

Chef Paul's Cafe

Chef Paul's Cafe

4.5 star rating

(436 Reviews)

Soul Food

$$

Standard Sweets & Spices

Standard Sweets & Spices

4.5 star rating

(269 Reviews)

Indian

$

B & K Asian Kitchen

B & K Asian Kitchen

4.0 star rating

(178 Reviews)

Thai

$$

Zamora Carnitas Mexican Restaurant

Zamora Carnitas Mexican Restaurant

4.0 star rating

(206 Reviews)

Mexican

$

Castillo's Mexican Food

Castillo's Mexican Food

4.0 star rating

(340 Reviews)

Mexican

$

El Premio Mayor

El Premio Mayor

4.5 star rating

(128 Reviews)

Mexican

$

Umi Sushi

Umi Sushi

4.5 star rating

(292 Reviews)

Sushi Bars

$$

Mamas Asian Noodle House

Mamas Asian Noodle House

4.0 star rating

(325 Reviews)

Laotian

$

Noodle Q Home Style Fresh Noodles

Noodle Q Home Style Fresh Noodles

4.0 star rating

(524 Reviews)

Chinese

$

Churrasco Grill

Churrasco Grill

4.5 star rating

(318 Reviews)

Mediterranean

$

Buffalo Ranch Wings & Things

Buffalo Ranch Wings & Things

4.5 star rating

(165 Reviews)

American (Traditional)

$

Green Papaya Mart & Deli

Green Papaya Mart & Deli

4.5 star rating

(99 Reviews)

Thai

$

Rio Acai Bowls - Downtown Fresno

Rio Acai Bowls - Downtown Fresno

4.5 star rating

(236 Reviews)

Acai Bowls

$

Richie's Pizza & Hot Dogs

Richie's Pizza & Hot Dogs

4.5 star rating

(198 Reviews)

Hot Dogs

$

Dog House Grill

Dog House Grill

4.0 star rating

(1,939 Reviews)

Sports Bars

$$

Zamora Taqueria

Zamora Taqueria

4.5 star rating

(175 Reviews)

Latin American

$

Rocket Dog Gourmet Brats & Brew

Rocket Dog Gourmet Brats & Brew

4.5 star rating

(786 Reviews)

Hot Dogs

$


Property/Unit Features
Heating & Cooling Central Heat, Evaporative Fireplace None
Stove All units Refrigerator All Units
Dishwasher None Garbage Disposal All units
Heating & Cooling Central Heat, Evaporative
Fireplace None
Stove All units
Refrigerator All Units
Dishwasher None
Garbage Disposal All units

School Information
School District Fresno Unified Elementary School Hidalgo
Junior High School Yosemite High School McLane
School District Fresno Unified
Elementary School Hidalgo
Junior High School Yosemite
High School McLane

Interior
Flooring Concrete Perimeter    
Flooring Concrete Perimeter

Exterior
Lot Acres (approx) 0.13 (per Tax Records) Lot Sq Ft (approx) 5,800 (per Tax Records)
Parking Features Garage Garage Spaces 3
Roofing Composition Exterior Stucco, Wood
Spa No Pool No
Lot Acres (approx) 0.13 (per Tax Records)
Lot Sq Ft (approx) 5,800 (per Tax Records)
Parking Features Garage
Garage Spaces 3
Roofing Composition
Exterior Stucco, Wood
Spa No
Pool No

Miscellaneous Data
REO/Bank Owned No Annual Income $41,688.00
Annual Expense $5,100.00 Net Income $36,588.00
Tenant Pays Electricity, Gas, Cable TV Income Includes Unit Rent
Expenses Include Gardener, Maintenence/Repair, Water, Sewer Sources of Inc/Exp Owner, Property Manager
REO/Bank Owned No
Annual Income $41,688.00
Annual Expense $5,100.00
Net Income $36,588.00
Tenant Pays Electricity, Gas, Cable TV
Income Includes Unit Rent
Expenses Include Gardener, Maintenence/Repair, Water, Sewer
Sources of Inc/Exp Owner, Property Manager

Courtesy of Brian Ferguson, Dart Realty and Property Management

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.

3308 E Olive Avenue, Fresno, CA 93702
 
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