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642 N Thorne Avenue

Fresno, CA 93728
  • $725,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 623781
UPDATED: 17 min ago
$725,000
  • 9
    BEDS
  • 0.15
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 3,643
    SQFT
  • $199
    $/SQFT
Neighborhood:
728
Type:
Multi-Family
Built:
1927
County:
Area:
728

School Information

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

Description

Discover an unbeatable investment opportunity at 642 N Thorne Ave, Fresno, CA 93728. This charming multifamily property features 7 units, including a mix of 2B1B apartments and studios, offering a total rental income of $81,660/year. With a 7% cap rate at 100% occupancy, this low-rise apartment building presents a lucrative investment in a desirable location just 15 minutes away from Fresno University and the vibrant Tower District. The property, listed at $725,000, comes with the added perk of a $10,000 discount when using the preferred lender. It is being sold as-is, ideal for savvy investors looking to maximize returns. Don't miss this chance to own a piece of Fresno's real estate market and generate consistent passive income.

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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: 2025-02-10T08:46:47.383.
www.yourfresnorealty.com/homes/159523373
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642 N Thorne Avenue Fresno, CA 93728

  • Price: $725,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 17 min ago
  • ID#: 623781
9
Beds
7
Baths
0
½ Baths
0.15
Acres
3,643
SQFT
$199
$/SQFT
1927
Built
Neighborhood:
728
County:
Fresno
Area:
728
Elementary School:
Muir
Middle School:
Fort Miller
High School:
Fresno
School District:
Fresno Unified
Property Description
Discover an unbeatable investment opportunity at 642 N Thorne Ave, Fresno, CA 93728. This charming multifamily property features 7 units, including a mix of 2B1B apartments and studios, offering a total rental income of $81,660/year. With a 7% cap rate at 100% occupancy, this low-rise apartment building presents a lucrative investment in a desirable location just 15 minutes away from Fresno University and the vibrant Tower District. The property, listed at $725,000, comes with the added perk of a $10,000 discount when using the preferred lender. It is being sold as-is, ideal for savvy investors looking to maximize returns. Don't miss this chance to own a piece of Fresno's real estate market and generate consistent passive income.
Exterior Features

Exterior Stucco Region Urban Roofing Composition Site Amenities Corner Yard FencedMature Landcsape

Interior Features

Dishwasher None Disposal All units Fireplace None Floor Concrete Perimeter Heating And Cooling Window or Wall A/C Refrigerator All Units Stories Two Stove All units

Property Features

Annual Expense 41850.00 Annual Income 81660.00 Cross Street Address W Thomas Avenue Expenses Include ManagementGardenerMaintenance/RepairInsuranceAccounting/LegalLicense/AdsElectricWaterSewerTaxes First Loan Type Non-Assumable Gas And Electric Public Utilities Income Includes Unit RentMonth to MonthLease Lease Type Net Lot Measurement SqFt Lot Size Source (Other) Net Income 39809.00 Property Subtype1 5 to 15 Units Reo Or Bank Owned No Sewer Water Public Water Square Footage Source Tax Records Tenant Pays Electricity Terms ConventionalCash Transaction Type Sale

Listing provided courtesy of Jonathan Minerick of HomeCoin.com: info@homecoin.com;888-400-2513.


© 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: 2025-02-10T08:46:47.383.
 
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