Multi-Family for sale in Fresno, California, 580467

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858 E Carmen Avenue,

Fresno, California CA93728-1801

Listing ID580467

Price$1,495,000

StatusPending AcceptBackup

Bedrooms16

Total Baths16

SqFt 6,070

Acres 0.172

CountyFresno

Year Built1952

Property TypeMulti-Family

Property Sub Type16 Units & More

Fully occupied 16 plex in highly desirable Tower District and within walking distance to Fresno City College! This property exudes pride of ownership and has been maintained to a high standard suggesting minimal hassles for the new owner. The complex has attracted long-term, low turnover tenants who are paying below-market rent so there is upside potential to increase the $100,000+ gross revenue currently being generated. Property details include 15 studios and a single 1 bed/1 bath unit, AC and electrical heat in each unit, on-site laundry room, security gates, 10 carports plus street parking available. New roof in 2015.

Primary Features

County Fresno

Price Before Reduction 1575000

Price Reduction Date 2022-07-30T00:36:37+00:00

Property Sub Type 16 Units & More

Property Type Multi-Family

Year Built 1952

Interior

Fireplace None

Floor Concrete Perimeter

Heating/Cooling Central Cooling, Floor or Wall Heat, Window or Wall A/C

Stories Two

External

Exterior Stucco

Gas & Electric Public Utilities

Lot Measurement SqFt

Lot Square Footage 7500

Parking Carport

Roofing Other

Sewer/Water Public Water, Public Sewer

Location

APN 45104607

Area 728

Cross Street Address Van Ness and McKinley

Directions From Wishon and McKinley head south on Wishon then east on Carmen. Property is at the end of the street on your right.

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 25

Days On Market 25

Documents Available Income Tax Return

Lot Size Source (Tax Records)

Property Disclaimer Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Square Footage Source Tax Records

Total Units 16

Financial

Agreement Type Exclusive Right To Sell

Annual Expense 32772

Annual Income 107618

Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, Gas, Electric, Water, Sewer, Taxes

Income Includes Unit Rent, Laundry, Other

Lease Type Net

Leased Equipment Washer/Dryer (s)

Net Income 74846

Price Per Acre 8681765.39

Price Per Square Foot 246.29

REO/Bank Owned no

Sources of Income/Expenses Tax Return, Owner

Tenant Pays Electricity

Transaction Type Sale

Unique Conditions 1031 Exchange

Zoning Info

Area Info

Listing courtesy of Fatima Mosby of Signature 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 580467

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