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707 E Shields Avenue

Fresno, CA 93704
  • $399,950
  • STATUS: Active Under Contract
  • ON SITE: 107 Days
  • ID#: 617600
Under Contract
UPDATED: 91 min ago
$399,950
  • 6
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,809
    SQFT
  • $221
    $/SQFT
Neighborhood:
704
Type:
Multi-Family
Built:
1954
County:
Area:
704

School Information

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

Description

Tower District - Duplex Investment Opportunity ! Discover this versatile live / work duplex, offering two well-appointed units, each with 3 bedrooms, 1 bathroom, and separately metered. The property features a spacious garage with convenient laundry hook ups and a large yard. Both units are currently occupied by a single tenant, who is month to month for $2,150/month NNN + $150 Tax & Insurance reimbursements ($2,300 total monthly). The NNN reimbursements gets readjusted annually or when a new lease is signed providing positive cash flow for the future. Proforma market rent is $1,850 per unit + NNN. Offers subject to inspection, do not disturb tenant. This is a rare chance to secure a strong investment with room for growth. Offers are subject to inspection - please respect the tenant's privacy and do not disturb.

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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: 2024-12-12T23:46:30.867.
www.yourfresnorealty.com/homes/154220640
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707 E Shields Avenue Fresno, CA 93704

  • Price: $399,950
  • Status: Active Under Contract
  • On Site: 107 Days
  • Updated: 91 min ago
  • ID#: 617600
6
Beds
2
Baths
0
½ Baths
0.23
Acres
1,809
SQFT
$221
$/SQFT
1954
Built
Neighborhood:
704
County:
Fresno
Area:
704
Elementary School:
Del Mar
Middle School:
Fort Miller
High School:
Fresno
School District:
Fresno Unified
Property Description
Tower District - Duplex Investment Opportunity ! Discover this versatile live / work duplex, offering two well-appointed units, each with 3 bedrooms, 1 bathroom, and separately metered. The property features a spacious garage with convenient laundry hook ups and a large yard. Both units are currently occupied by a single tenant, who is month to month for $2,150/month NNN + $150 Tax & Insurance reimbursements ($2,300 total monthly). The NNN reimbursements gets readjusted annually or when a new lease is signed providing positive cash flow for the future. Proforma market rent is $1,850 per unit + NNN. Offers subject to inspection, do not disturb tenant. This is a rare chance to secure a strong investment with room for growth. Offers are subject to inspection - please respect the tenant's privacy and do not disturb.
Exterior Features

Exterior Other Parking Garage Region Urban Roofing Composition Site Amenities Corner

Interior Features

Fireplace All Units Floor Wood Subfloor Heating And Cooling Central Heat/Cool Stories One Stove All units

Property Features

Annual Expense 1800.00 Annual Income 27600.00 Cross Street Address Shields / Wishon Expenses Include InsuranceTaxes Gas And Electric Public Utilities Income Includes Unit RentOther Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 25800.00 Property Subtype1 Duplex Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Square Footage Source Tax Records Tenant Pays All Utilities Transaction Type Sale

Listing provided courtesy of Matthew Niswander of Better Homes and Gardens Real: info@bloomgroupre.com;559-625-9500.


© 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: 2024-12-12T23:46:30.867.
 
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