$1,700,000

1527 N Van Ness Ave, Fresno, CA 93728

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8 bd · 10.0 ba · 6,700 sqft · $254/sqft · 0.14 acres

Residential Income · Multi Family · Built 1935 · 119 days on Properkey

Description

Exceptional multifamily investment opportunity featuring 10 fully occupied units and strong rental income. This well-performing property offers investors immediate cash flow with no current vacancies and a proven occupancy history.The building has recently received a fresh exterior paint job, enhancing curb appeal and in the process of having a new roof installed which contributes to the property's overall pride of ownership. Conveniently located in Fresno's Historic District, the property benefits from its proximity to Fresno City College, Fresno High School, and the popular Tower District, providing tenants with easy access to shopping, dining, entertainment, and educational opportunities.The first building features 8 units with 2 of them being studios. The second building has two large units as well. It also features 5 garages and 5 storage. Currently 5 garages are rented at $100 per month making it an additional $400 in revenue per month.With quick access to Highway 41 and Highway 180, residents enjoy convenient commuting throughout Fresno and the surrounding areas. Whether you're a seasoned investor or looking to add an income-producing asset to your portfolio, this well-maintained 10-unit property presents an outstanding opportunity in a highly desirable rental market.

Agent & source

Listed by
Ian Villalobos Hall
Brokerage
eXp Realty of California, Inc.
DRE
#02167144
MLS # 650775 Source FRESNO

Property details

Rooms & Layout

Levels
Two
Bedrooms
8
Bathrooms
10.0 (10 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco
Roof
Composition
Foundation
Concrete Perimeter, Wood Subfloor

Exterior & Parking

Parking
5-car garage

Interior & Comfort

Cooling
Wall/Window Unit(s)

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
On
Public Utilities

Nearby

Active Pending Closed Rental
High
Fresno Unified District

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