Listing ID575476
Sold For$1,330,000
StatusSold
Bedrooms10
Total Baths9
SqFt
8,400
Acres
0.331
CountyFresno
Year Built1961
Property TypeMulti-Family
Property Sub Type5 to 15 Units
Realty Concepts is proud to present 3231 N Van Ness Blvd, a 6 unit townhome apartment complex on beautiful Van Ness Ave. Located on the border of Old Fig Garden and the Fresno High area, this property is perfect for any investor who desires pride of ownership. Currently, each unit is rented to long term tenants who are on month-to-month leases, the next owner has the option of keeping the property for long term tenants or converting into short term tenancy (i.e. posting on AirBnb). This property has the potential to achieve a 9.33% cap rate as a short term rental. The Property consists of four 2 bedroom, 1.5 bath units and two 1 bedroom, 1.5 bath units. This property features a sparkling pool, indoor coin-op laundry room, HVAC in each unit, and reserved parking for each unit. Each unit averages 1400 sqft and is across the street from Gazebo Gardens, a very poplar food truck park and beer garden. *Bedroom/Bathroom count differs from tax records, buyer to verify if important*
County
Fresno
Price Reduction Date
2022-05-09T22:12:24+00:00
Property Sub Type
5 to 15 Units
Property Type
Multi-Family
Year Built
1961
Dishwasher
All Units
Disposal
All units
Fireplace
None
Floor
Concrete Perimeter
Heating/Cooling
Central Heat/Cool
Refrigerator
All Units
Stories
Two
Stove
All units
Exterior
Wood, Brick
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
14400
Parking
Carport, Covered, One Space per Unit
Roofing
Rolled Comp,Tar & Gravel
Sewer/Water
Public Water
Site Amenities
Corner
Yard
Sprinkler - Front, Sprinkler - Back, Sprinkler - Auto, Fenced, Mature Landcsape
APN
43530409
Area
704
Cross Street Address
Shields/Van Ness
Directions
From Shields/Van Ness: Travel north on Van Ness about 50 yards, property is on the corner of Van Ness and Andrews.
FIPS Code
19
School District
Fresno Unified
School Name 1
Fresno
School Name 2
Hamilton
School Name 3
Hamilton
School Type 1
High School
School Type 2
Junior High School
School Type 3
Grade School
Association
Fresno MLS
Cumulative Days On Market
171
Days On Market
171
Documents Available
Profit & Loss, Cash Flow Analysis
Facilities
Pool, Utility Room
Lot Size Source
(Tax Records)
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 Units
6
Agreement Type
Exclusive Right To Sell
Annual Expense
29212
Annual Income
82046
Expenses Include
Management, Gardener, Maintenance/Repair, Gas, Electric, Water, Sewer, Pool, Vacancy Factor
Income Includes
Unit Rent, Laundry, Month to Month
Lease Type
Net
Leased Equipment
Washer/Dryer (s)
Net Income
52834
Price Per Acre
4022988.51
Price Per Square Foot
158.33
REO/Bank Owned
no
Sale/Options
Total Parcel Only
Sources of Income/Expenses
Owner, Property Manager
Tenant Pays
Electricity, Gas, Cable TV
Terms
Conventional, Cash, Owner Carry
Transaction Type
Sale
Unique Conditions
1031 Exchange
Listing courtesy of Jeffrey D. Zimmerman of Realty Concepts, Ltd. - Fresno
©2024 Based on information from the Fresno Association of REALTORS (alternatively, from the Fresno MLS) as of Thursday, March 28th, 2024. 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. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Contact - Listing ID 575476
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