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858 E Carmen Avenue

Fresno, CA 93728
  • $1,495,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: 580467
Under Contract
UPDATED: 41 min ago
$1,495,000
  • 16
    BEDS
  • 0.17
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 6,070
    SQFT
  • $246
    $/SQFT
Neighborhood:
728
Type:
Multi-Family
Built:
1952
County:
Area:
728

School Information

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

Description

Fully occupied 16 plex in highly desirable Tower District and within walking distance to Fresno City College! This property exudes pride of ownership and has been maintained to a high standard suggesting minimal hassles for the new owner. The complex has attracted long-term, low turnover tenants who are paying below-market rent so there is upside potential to increase the $100,000+ gross revenue currently being generated. Property details include 15 studios and a single 1 bed/1 bath unit, AC and electrical heat in each unit, on-site laundry room, security gates, 10 carports plus street parking available. New roof in 2015.

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© 2022 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: 2022-08-14T10:46:51.413.
www.yourfresnorealty.com/homes/130321337
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858 E Carmen Avenue Fresno, CA 93728

  • Price: $1,495,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 41 min ago
  • ID#: 580467
16
Beds
16
Baths
0
½ Baths
0.17
Acres
6,070
SQFT
$246
$/SQFT
1952
Built
Neighborhood:
728
County:
Fresno
Area:
728
Elementary School:
Heaton
Middle School:
Fort Miller
High School:
Fresno
School District:
Fresno Unified
Property Description
Fully occupied 16 plex in highly desirable Tower District and within walking distance to Fresno City College! This property exudes pride of ownership and has been maintained to a high standard suggesting minimal hassles for the new owner. The complex has attracted long-term, low turnover tenants who are paying below-market rent so there is upside potential to increase the $100,000+ gross revenue currently being generated. Property details include 15 studios and a single 1 bed/1 bath unit, AC and electrical heat in each unit, on-site laundry room, security gates, 10 carports plus street parking available. New roof in 2015.
Exterior Features

Exterior Stucco Parking Carport Region Urban Roofing Other

Interior Features

Fireplace None Floor Concrete Perimeter Heating And Cooling Central CoolingFloor Or Wall HeatWindow Or Wall A/C Stories Two

Property Features

Annual Expense 32772.00 Annual Income 107618.00 Cross Street Address Van Ness And Mckinley Documents Available Income Tax Return Expenses Include ManagementGardenerMaintenence/RepairInsuranceAccounting/LegalGasElectricWaterSewerTaxes Gas And Electric Public Utilities Income Includes Unit RentLaundryOther Lease Type Net Leased Equipment Washer/Dryer (S) Lot Measurement Sqft Lot Size Source (Tax Records) Net Income 74846.00 Property Subtype1 16 Units & More Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Square Footage Source Tax Records Tenant Pays Electricity Transaction Type Sale Unique Conditions 1031 Exchange

Listing provided courtesy of Fatima Mosby of Signature Properties.


© 2022 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: 2022-08-14T10:46:51.413.
 
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