Listing ID521317
Sold For$1,615,000
StatusSold
Bedrooms35
Total Baths23
SqFt
15,968
Acres
0.660
CountyFresno
Year Built1963
Property TypeMulti-Family
Property Sub Type16 Units & More
Presenting pride of ownership 19 unit complex with a pool. Owned by the same family for about 25 years. Unit mix 12-2bed/1bath 4-3bed/2bath 3-1bed/1bath. The new roof was installed 5 to 7 years ago. At the same time all of the AC units have been replaced. There are some window AC units. Security gates are remote operated for easy tenant access. Some tenants have occupied the property for the past 10 to 17 years. This is a turnkey property in great shape surrounded by single family homes with very little competition. There is no differed maintenance. Each unit has assigned carport. There is ample guest parking. Please do not walk the grounds or disturb the tenants. Please submit offers subject to inspection.
County
Fresno
Property Sub Type
16 Units & More
Property Type
Multi-Family
Year Built
1963
Fireplace
None
Floor
Concrete Perimeter
Heating/Cooling
Central Heat/Cool, Central Heat, Floor or Wall Heat, Window or Wall A/C
Refrigerator
More than One Unit
Stories
Two
Stove
All units
Exterior
Stucco, Wood
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
28800
Parking
Carport, Uncovered, One Space per Unit
Roofing
Other
Sewer/Water
Public Water, Public Sewer
Yard
Sprinkler - Front, Sprinkler - Back, Sprinkler - Auto, Fenced
APN
45409416
Area
702
Cross Street Address
Olive Ave/Chestnut Ave
Directions
Head East on Olive make a right on Recreation Ave then turn right on Clay
FIPS Code
19
School District
Fresno Unified
School Name 1
Sunnyside
School Name 2
Scandinavian
School Name 3
Addams
School Type 1
High School
School Type 2
Junior High School
School Type 3
Grade School
Association
Fresno MLS
Cumulative Days On Market
251
Days On Market
251
Documents Available
Leases, Profit & Loss, Inventory List
Facilities
Pool, Utility Room
Property Disclaimer
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
Special Features
Security Gate
Square Footage Source
Tax Records
Total Buildings
1
Total Units
19
1st Loan Type
Free & Clear
Agreement Type
Exclusive Right To Sell
Expenses Include
Gardener, Maintenence/Repair, Insurance, Electric, Water, Sewer, Pool, Taxes, Vacancy Factor
Income Includes
Unit Rent, Month to Month, Lease, Both
Lease Type
Net
Price Per Acre
2442528.74
Price Per Square Foot
101.14
REO/Bank Owned
no
Sale/Options
Total Parcel Only
Sources of Income/Expenses
Owner, Limited
Tenant Pays
Electricity, Gas, Cable TV
Terms
Conventional, Cash, Submit
Transaction Type
Sale
Unique Conditions
1031 Exchange
Listing courtesy of Paul Gestic of Fresno Income Properties
Contact - Listing ID 521317
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
