Multi-Family for sale in Fresno, California, 574125

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1115 W Simpson Avenue,

Fresno, California CA93705-3949

Listing ID574125

Sold For$2,761,500

StatusSold

Bedrooms42

Total Baths26

SqFt 20,236

Acres 0.721

CountyFresno

Year Built1966

Property TypeMulti-Family

Property Sub Type16 Units & More

Presenting Cornerstone Apartments a 22- unit Investment property located in Fresno. The spacious 22 units compose of: (4) Three bedroom-two bath, (12) Two bedroom-one bath and (6) One bedroom-one Bath. 8 of the 22 units have been renovated. This is a perfect opportunity to add value to your portfolio with its spacious floor plans and excellent unit mix. Swimming pool in the courtyard. Lundry room and office space on site. Unit J is currently vacant and being renovated and will be rented out at market rent (anticipated rent $1,100). All offers are subject to walk through inspection.

Primary Features

County Fresno

Property Sub Type 16 Units & More

Property Type Multi-Family

Year Built 1966

Interior

Fireplace None

Floor Both

Heating/Cooling Central Heat/Cool

Refrigerator More than One Unit

Stories Two

Stove More than One unit

External

Exterior Wood, Brick

Gas & Electric Public Utilities

Lot Measurement SqFt

Lot Square Footage 31416

Parking Carport

Roofing Composition

Sewer/Water Public Water, Public Sewer

Site Amenities Corner

Location

APN 44302304

Area 705

Cross Street Address Shields/West

Directions West on Shields Ave, left on West, left on Simpson

FIPS Code 19

School District Fresno Unified

School Name 1 Fresno

School Name 2 Fort Miller

School Name 3 Wilson

School Type 1 High School

School Type 2 Junior High School

School Type 3 Grade School

Additional

Association Fresno MLS

Cumulative Days On Market 10

Days On Market 10

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 On-Site Manager

Square Footage Source Tax Records

Total Units 22

Financial

1st Loan Type Non-Assumable

Agreement Type Exclusive Right To Sell

Annual Expense 72697

Annual Income 203493

Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, Electric, Water, Sewer, Pool, Taxes, Vacancy Factor

Income Includes Unit Rent, Laundry, Month to Month, Lease, Both

Lease Type Net

Net Income 130795

Price Per Acre 3829034.94

Price Per Square Foot 136.46

REO/Bank Owned no

Sale/Options Total Parcel Only

Sources of Income/Expenses Property Manager

Tenant Pays Electricity, Gas

Terms Conventional, Cash

Transaction Type Sale

Zoning Info

Area Info

Listing courtesy of Paul Gestic of Fresno Income Properties

©2022 Fresno Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings held by brokerage firms other than Fresno Income Properties are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Contact - Listing ID 574125

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