Listing ID477638
Sold For$850,000
Statussold
Bedrooms48
Total Baths24
SqFt
20,856
Acres
0.910
CountyFresno
Year Built1979
Property TypeMulti-Family
Property Sub Type16 Units & More
REO!! Presenting unique opportunity of a 24 units rehab project that consists of all 2bed/1bath units priced at $35,000 per unit or $40 per sq foot with a lot of upside potential. Property is to be delivered vacant. Cash/Hard money offers only! For your own safety please do not walk the grounds. Most units are boarded up. See agents remarks for more details.
County
Fresno
Property Sub Type
16 Units & More
Property Type
Multi-Family
Year Built
1979
Dishwasher
None
Disposal
None
Fireplace
None
Floor
Concrete
Heating/Cooling
Central Heat/Cool
Refrigerator
None
Stories
Two
Stove
None
Exterior
Wood
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
39600
Parking
Carport, More than One Space
Roofing
Composition
Sewer/Water
Public Water, Public Sewer
APN
43618215
Area
726
Cross Street Address
Griffith/Blackstone
Directions
From Blackstone, east on Griffith, south on Effie and east on Pontiac.
FIPS Code
19
School District
Fresno Unified
School Name 1
Fresno
School Name 2
Fort Miller
School Name 3
Heaton
School Type 1
High School
School Type 2
Junior High School
School Type 3
Grade School
Association
Fresno MLS
Cumulative Days On Market
38
Days On Market
38
Documents Available
Public Restrictions
Facilities
Utility Room
Lot Size Source
(Tax Records)
Property Disclaimer
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
Special Features
Private Patios
Square Footage Source
Tax Records
Total Buildings
4
Total Units
24
1st Loan Type
Non-Assumable, Free & Clear
Agreement Type
Exclusive Right To Sell
Annual Expense
80640
Annual Income
201600
Expenses Include
Management, Gardener, Maintenence/Repair, Water, Sewer, Taxes, Vacancy Factor
Income Includes
Unit Rent
Lease Type
Net
Net Income
120960
Price Per Acre
783247.17
Price Per Square Foot
34.14
REO/Bank Owned
yes
Sale/Options
Total Parcel Only
Sources of Income/Expenses
Projected, None
Sub Lease
no
Tenant Pays
Electricity, Gas, Cable TV
Terms
Cash
Transaction Type
Sale
Listing courtesy of Paul Gestic of Fresno Income Properties
Contact - Listing ID 477638
Fresno Income Properties - Paul Gestic
7575 N. Del Mar Avenue, Suite 102
Fresno, CA 93711
Phone: 559-438-9410
Data services provided by IDX Broker
