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1311 N Van Ness Avenue

Fresno, CA 93728
  • $840,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 616438
$840,000
  • 6
    BEDS
  • 0.35
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,844
    SQFT
  • $219
    $/SQFT
Neighborhood:
728
Type:
Multi-Family
Built:
1940
County:
Area:
728

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Discover this exceptional investment opportunity close to the Tower District: a meticulously clean and well-maintained 4-plex, perfect for both seasoned investors and those looking to expand their real estate portfolio. This prime property features two spacious 2-bedroom units (one currently vacant, allowing for new rent pricing) and two cozy 1-bedroom units, all with their own laundry spaces. Additionally, a detached studio offers potential as a 5th unit, enhancing rental income prospects. Three units boast modern HVAC systems for year-round comfort, while one has a cost-effective swamp cooler. Long-term tenants occupy three units, providing immediate rental income. The property's impeccable cleanliness reflects pride of ownership, and its location on Van Ness offers easy access to amenities, parks and entertainment.

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© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-09-18T23:46:33.203.
www.yourfresnorealty.com/homes/153430707
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1311 N Van Ness Avenue Fresno, CA 93728

  • Price: $840,000
  • Status: Active
  • On Site: 42 Days
  • ID#: 616438
6
Beds
4
Baths
0
½ Baths
0.35
Acres
3,844
SQFT
$219
$/SQFT
1940
Built
Neighborhood:
728
County:
Fresno
Area:
728
Elementary School:
Heaton
Middle School:
Fort Miller
High School:
Fresno
School District:
Fresno Unified
Property Description
Discover this exceptional investment opportunity close to the Tower District: a meticulously clean and well-maintained 4-plex, perfect for both seasoned investors and those looking to expand their real estate portfolio. This prime property features two spacious 2-bedroom units (one currently vacant, allowing for new rent pricing) and two cozy 1-bedroom units, all with their own laundry spaces. Additionally, a detached studio offers potential as a 5th unit, enhancing rental income prospects. Three units boast modern HVAC systems for year-round comfort, while one has a cost-effective swamp cooler. Long-term tenants occupy three units, providing immediate rental income. The property's impeccable cleanliness reflects pride of ownership, and its location on Van Ness offers easy access to amenities, parks and entertainment.
Exterior Features

Exterior Stucco Parking One Space per Unit Region Urban Roofing Composition

Interior Features

Fireplace All Units Floor Wood Subfloor Heating And Cooling Central Heat/CoolWindow or Wall A/C Stories One

Property Features

Annual Expense 15128.49 Annual Income 31232.00 Cross Street Address Van Ness / Olive Documents Available Cash Flow Analysis Expenses Include GardenerMaintenance/RepairInsuranceWaterSewerTaxesVacancy Factor Gas And Electric Public Utilities Income Includes Unit Rent Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 16103.51 Property Subtype1 Quadruplex Reo Or Bank Owned No Sewer Water Public Water Square Footage Source Tax Records Tenant Pays ElectricityGasCable TV Transaction Type Sale

Listing provided courtesy of Layla Granata of SME Real Estate: mlsinfo@sideinc.com;559-705-2121.


© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-09-18T23:46:33.203.
 
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