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2003 N Thorne Avenue

Fresno, CA 93704
  • $595,000
  • STATUS: Active
  • ON SITE: 171 Days
  • ID#: 617141
$595,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,798
    SQFT
  • $331
    $/SQFT
Neighborhood:
704
Type:
Multi-Family
Built:
1940
County:
Area:
704

School Information

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

Description

Presenting this incredible Tri-Plex in the middle of Fresno High! This is a beautiful multi-family property on a quiet street that would make a great addition to any investors portfolio. It is located in one of the best rental markets in Fresno. The property consists of two 1bed/1bath units and one studio apartment. Each unit has its own private backyard and each 1/1 unit has indoor laundry. A detached 2 car garage on the property can be used for extra income by renting each bay to the tenants. Since one unit is vacant, this is a great opportunity to purchase the property with an owner occupied loan so you can live in one unit and rent the others. FHA ready! The current rents are low and need to be raised. Each tenant is on a month to month lease. Best of all, the current loan can be assumed at an interest rate of 2.625%! Call your agent or the listing agent with any questions or to see the property.Unit Rents:2003 Thorne 1/1: $895106 Weldon 1/1: $1350 (Projected)108 Weldon Studio: $620

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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: 2025-02-07T23:47:02.113.
www.yourfresnorealty.com/homes/153862964
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2003 N Thorne Avenue Fresno, CA 93704

  • Price: $595,000
  • Status: Active
  • On Site: 171 Days
  • ID#: 617141
3
Beds
3
Baths
0
½ Baths
0.15
Acres
1,798
SQFT
$331
$/SQFT
1940
Built
Neighborhood:
704
County:
Fresno
Area:
704
Elementary School:
Hamilton
Middle School:
Hamilton
High School:
Fresno
School District:
Fresno Unified
Property Description
Presenting this incredible Tri-Plex in the middle of Fresno High! This is a beautiful multi-family property on a quiet street that would make a great addition to any investors portfolio. It is located in one of the best rental markets in Fresno. The property consists of two 1bed/1bath units and one studio apartment. Each unit has its own private backyard and each 1/1 unit has indoor laundry. A detached 2 car garage on the property can be used for extra income by renting each bay to the tenants. Since one unit is vacant, this is a great opportunity to purchase the property with an owner occupied loan so you can live in one unit and rent the others. FHA ready! The current rents are low and need to be raised. Each tenant is on a month to month lease. Best of all, the current loan can be assumed at an interest rate of 2.625%! Call your agent or the listing agent with any questions or to see the property.Unit Rents:2003 Thorne 1/1: $895106 Weldon 1/1: $1350 (Projected)108 Weldon Studio: $620
Exterior Features

Exterior Stucco Facilities Play YardUtility Room Parking Uncovered Region Urban Roofing Composition Site Amenities Corner Yard Sprinkler - FrontSprinkler - AutoMature Landcsape

Interior Features

Disabled Features One Level Floor Dishwasher One Unit Disposal One Unit Fireplace None Floor Wood Subfloor Heating And Cooling Window or Wall A/C Refrigerator All Units Stories One Stove All units

Property Features

Annual Expense 8093.00 Annual Income 15640.00 Cross Street Address Weldon Documents Available LeasesProfit & LossIncome Tax Return Expenses Include GardenerMaintenance/RepairInsuranceAccounting/LegalWaterSewerTaxesVacancy Factor First Loan Type Assumable Gas And Electric Public Utilities Income Includes Unit RentMonth to Month Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 5940.00 Property Subtype1 Triplex Reo Or Bank Owned No Sale Options Total Parcel Only Sewer Water Public Water Special Features Private PatiosLaundry in Each Unit Square Footage Source Tax Records Tenant Pays ElectricityGasCable TV Terms GovernmentConventionalCash Transaction Type Sale Unique Conditions 1031 Exchange

Listing provided courtesy of Jeffrey Zimmerman of Realty Concepts, Ltd. - Fresno: accounting@realtyconcepts.com;559-490-1500.


© 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: 2025-02-07T23:47:02.113.
 
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6442 Maroa Ave
Fresno CA, 93704