$740,000
642 N Thorne Avenue Fresno, CA 93728
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$740,000
Est. payment /mo
9 Beds
7 Baths
3,643 SqFt
UPDATED:
11/02/2024 04:54 AM
Key Details
Property Type Multi-Family
Sub Type 5 to 15 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,643 sqft
Price per Sqft $203
MLS Listing ID 617680
Bedrooms 9
Year Built 1927
Lot Size 6,499 Sqft
Property Description
Rare CASH-FLOWING 7 unit apartment building in the Tower District!There are 5 studio units and 2 2 bedroom units.Excellent 7% Cap Rate 8.9 GRM! All rents are current. No delinquencies.Current income is now $6805/mo, $81,660/yr.$10,000 discount for buyer who uses a specific lender. Please call to inquire.Shared front and backyard. No HOA fees. Separate electric meters.Only 15 minutes away from Fresno State University. The location provides easy access to Hwy 99 and nearby shopping at Costco, Walmart Supercenter, Home Depot, Target.Property is occupied and so please refrain from walking the grounds or disturbing the tenants.This is an excellent opportunity for investors to capitalize on a well-established propertyin the growing city of Fresno.
Location
State CA
County Fresno
Area 728
Interior
Heating Window or Wall A/C
Cooling Window or Wall A/C
Flooring Concrete Perimeter
Fireplaces Type None
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Story Two
Sewer Public Water, Public Sewer
Water Public Water, Public Sewer
Schools
Elementary Schools Muir
Middle Schools Fort Miller
High Schools Fresno
School District Fresno Unified
Others
Acceptable Financing Government, Conventional, Cash
Disclosures Other
Listing Terms Government, Conventional, Cash
Special Listing Condition 1031 Exchange
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Listed by Diane Tycangco • eXp Realty of California, Inc.
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