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1520 S Reed Avenue

Reedley, CA 93654
  • $980,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • ID#: 629974
Under Contract
UPDATED: 173 min ago
$980,000
  • 13
    BEDS
  • 0.24
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 3,903
    SQFT
  • $251
    $/SQFT
Neighborhood:
654
Type:
Multi-Family
Built:
1974
County:
Area:
654

School Information

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

Description

Investment Opportunity in the Heart of Reedley!Don't miss this rare chance to own a well-maintained 8-unit multifamily property at 1520 S Reed Avean ideal addition to any investor's portfolio. This income-producing asset features a desirable mix of 1-bedroom and 2-bedroom units, with 7 of 8 currently occupied by long-term tenants.Recent upgrades include a brand-new roof, modernized interiors, new flooring, updated kitchens, and bathroom improvementsoffering immediate stability and future upside. The property boasts an onsite laundry room, tenant-paid utilities, and easy access to shopping, schools, and major roadways.

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© 2025 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: 2025-05-23T23:46:37.507.
www.yourfresnorealty.com/homes/163516125
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1520 S Reed Avenue Reedley, CA 93654

  • Price: $980,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 173 min ago
  • ID#: 629974
13
Beds
9
Baths
0
½ Baths
0.24
Acres
3,903
SQFT
$251
$/SQFT
1974
Built
Neighborhood:
654
County:
Fresno
Area:
654
Elementary School:
Washington
Middle School:
Grant
High School:
Reedley
School District:
Kings Canyon
Property Description
Investment Opportunity in the Heart of Reedley!Don't miss this rare chance to own a well-maintained 8-unit multifamily property at 1520 S Reed Avean ideal addition to any investor's portfolio. This income-producing asset features a desirable mix of 1-bedroom and 2-bedroom units, with 7 of 8 currently occupied by long-term tenants.Recent upgrades include a brand-new roof, modernized interiors, new flooring, updated kitchens, and bathroom improvementsoffering immediate stability and future upside. The property boasts an onsite laundry room, tenant-paid utilities, and easy access to shopping, schools, and major roadways.
Exterior Features

Exterior Stucco Parking Carport Region Urban Roofing Composition

Interior Features

Fireplace None Floor Concrete Perimeter Heating And Cooling Central Heat/Cool Stories One

Property Features

Annual Expense 38246.00 Annual Income 99996.00 Cross Street Address W Olson Ave Expenses Include InsuranceTaxes Gas And Electric Public Utilities Income Includes Unit RentBoth Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 61749.00 Property Subtype1 5 to 15 Units Reo Or Bank Owned No Sewer Water Public Water Square Footage Source Tax Records Tenant Pays ElectricityGasWaterSewerTrash CollectionCable TV Transaction Type Sale

Listing provided courtesy of Scott Tafoya of Real Broker: Tafoyarealestate@gmail.com;559-765-4220.


© 2025 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: 2025-05-23T23:46:37.507.
 
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