$2,600,000

1561 N Van Ness Ave, Fresno, CA 93728

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8 bd · 16.0 ba · 11,668 sqft · $223/sqft · 0.14 acres

Residential Income · Multi Family · Built 1928 · 119 days on Properkey

Description

Excellent investment opportunity in Fresno's Historic District! This well-maintained 16-unit building offers strong cash flow. Units are in high demand, and vacancies lease quickly, providing consistent occupancy and income potential.Recent improvements include a new roof, helping reduce future capital expenses and adding value for years to come. The property is ideally located near Fresno City College, Fresno High School, and the vibrant Tower District, offering tenants convenient access to education, dining, shopping, and entertainment. Commuters will appreciate the easy access to Highway 41 and Highway 180, providing connectivity throughout the Fresno metropolitan area.This is a 3 level unit. The first two levels feature 1 bedroom, 1 bath units. The third level features 8 studios.Whether you are looking to expand your portfolio or acquire a turnkey multifamily asset with proven income performance, this property presents a rare opportunity in one of Fresno's most desirable and centrally located neighborhoods.

Agent & source

Listed by
Ian Villalobos Hall
Brokerage
eXp Realty of California, Inc.
DRE
#02167144
MLS # 650776 Source FRESNO

Property details

Rooms & Layout

Levels
Three Or More
Bedrooms
8
Bathrooms
16.0 (16 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco
Roof
Composition, Tile
Foundation
Concrete Perimeter, Wood Subfloor

Exterior & Parking

Parking
Garage

Interior & Comfort

Heating
Floor or Wall Heat
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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