For more information on this property, contact Fresno Income Properties - Paul Gestic at 559-438-9410 or pgestic@gmail.com

2025 E Pontiac Way
Fresno, California CA 93726
Sold For: $850,000
Listing ID 477638
Status sold
Bedrooms 48
Total Baths 24
SqFt 20,856
Acres 0.910
Year Built 1979

Property Description:

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.

Primary Features

County: Fresno
Property Sub Type: 16 Units & More
Property Type: Multi-Family
Year Built: 1979

Interior

Dishwasher: None
Disposal: None
Fireplace: None
Floor: Concrete
Heating/Cooling: Central Heat/Cool
Refrigerator: None
Stories: Two
Stove: None

External

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

Location

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

Additional

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

Financial

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

Zoning Info


Area Info


Contact - Listing ID 477638

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Fresno Income Properties - Paul Gestic

7575 N. Del Mar Avenue, Suite 102
Fresno, CA 93711
Phone: 559-438-9410

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