$400,000

4303 E Belmont Ave, Fresno, CA 93702

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6 bd · 6.0 ba · 3,360 sqft · $119/sqft · 0.27 acres

Residential Income · Multi Family · Built 1941 · 45 days on Properkey

Description

This unique multi-unit property offers excellent potential for an investor looking for value-add upside and future rental income. The property features multiple existing units, including three newer units that are partially completed and offer the opportunity to add significant value once finished. The newer units appear to still require flooring, HVAC installation and other finishing work; the status of appliances and remaining interior improvements has not been verified.The older units are currently occupied and show visible exterior deferred maintenance, including areas of wood rot and needed exterior repairs. The older units are equipped with window A/C units rather than central HVAC. Interior needs repairs.Drive by only! Do not disturb tenants or walk on to the property.The property also includes an additional boarded-up structure that appears to be in deteriorated condition and may have historically been used for laundry or storage; its use and condition should be independently verified. There is currently no covered parking or designated parking area.With multiple existing units and three newer units providing future upside, this property presents an opportunity for an investor willing to complete improvements and address deferred maintenance. **Property is being sold in its current condition. Cash only

Agent & source

Listed by
Cynthia Chakurian
Brokerage
HomeSmart PV and Associates
DRE
#01329008
MLS # 654860 Source FRESNO

Property details

Rooms & Layout

Levels
One
Bedrooms
6
Bathrooms
6.0 (6 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco
Roof
Composition
Foundation
Concrete Perimeter, Wood Subfloor

Interior & Comfort

Heating
Floor or Wall Heat
Cooling
Central Heat/Cool, 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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