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1611 W Shields Avenue

Fresno, CA 93705
  • $1,550,000
  • STATUS: Pending
  • ON SITE: 37 Days
  • ID#: 609526
Pending
$1,550,000
  • 17
    BEDS
  • 0.65
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 9,878
    SQFT
  • $157
    $/SQFT
Neighborhood:
705
Type:
Multi-Family
Built:
1974
County:
Area:
705

School Information

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

Description

Investment Opportunity in Fresno, California - Crystal Court Apartments is located in west central Fresno, and consists of 12 units. The unit mix is 5 two bedroom one bathroom units and 7 one bedroom one bathroom units. Seven of the units had rent increased March 1, 2024. One unit is eligible for an increase in May 2024, three units are eligible for rent increases in July 2024 and another unit is eligible for a rent increase in October 2024. Assuming all units rents are increased in 2024 as allowed, 2024 gross rents could be $12,881.00 more than 2023. The complex is in close proximity to Homan Elementary School, Vallarta Supermarket and Mike's Pizzeria Lounge. Call your agent to day for more information.

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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: 2024-04-17T11:14:15.43.
www.yourfresnorealty.com/homes/148636498
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1611 W Shields Avenue Fresno, CA 93705

  • Price: $1,550,000
  • Status: Pending
  • On Site: 37 Days
  • ID#: 609526
17
Beds
12
Baths
0
½ Baths
0.65
Acres
9,878
SQFT
$157
$/SQFT
1974
Built
Neighborhood:
705
County:
Fresno
Area:
705
Elementary School:
Homan
Middle School:
Fort Miller
High School:
Edison
School District:
Fresno Unified
Property Description
Investment Opportunity in Fresno, California - Crystal Court Apartments is located in west central Fresno, and consists of 12 units. The unit mix is 5 two bedroom one bathroom units and 7 one bedroom one bathroom units. Seven of the units had rent increased March 1, 2024. One unit is eligible for an increase in May 2024, three units are eligible for rent increases in July 2024 and another unit is eligible for a rent increase in October 2024. Assuming all units rents are increased in 2024 as allowed, 2024 gross rents could be $12,881.00 more than 2023. The complex is in close proximity to Homan Elementary School, Vallarta Supermarket and Mike's Pizzeria Lounge. Call your agent to day for more information.
Exterior Features

Exterior StuccoWood Parking CarportCoveredUncoveredMore than One Space Region Urban Roofing Composition

Interior Features

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

Property Features

Annual Expense 45725.00 Annual Income 120509.00 Cross Street Address W/West S/Shilds Expenses Include ManagementGardenerMaintenance/RepairInsuranceGasElectricWaterSewerTaxes Gas And Electric Public Utilities Income Includes Unit RentLaundry Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 74784.00 Property Subtype1 5 to 15 Units Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Square Footage Source Tax Records Tenant Pays ElectricityGas Transaction Type Sale

Listing provided courtesy of Jared Martin of Keller Williams Fresno: klrw834@kw.com;559-432-5533.


© 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: 2024-04-17T11:14:15.43.
 
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