Listing ID588451
Price$7,800,000
StatusActive
Bedrooms58
Total Baths57
SqFt
23,440
Acres
2.120
CountyFresno
Year Built1973
Property TypeMulti-Family
Property Sub Type16 Units & More
Owner just completed $2+mm in renovations. Gated 57 unit complex in a great location with easy freeway access. Unit mix are one 2/2 and 56 studios with covered carports. Renovations include roofing, HVAC, windows, paint, upgraded kitchens, bathrooms, flooring, LED lights, plumbing fixtures, appliances, wrought iron fencing with power gate, parking lot asphalt, and much more. Onsite laundry. Room for rent increases. Do not walk grounds or disturb residents. Seller will guarantee the rents for any vacant units not rented prior to the close of escrow, for up to 6 months after the close of escrow based on rents of $1075.00 per unit. Submit offers subject to walk through inspections. For financed offers please attach pre-approval letter, VOF to close and copy of EMD. Cash offers please submit VOF to close and copy of EMD. Buyer to verify income and expenses provided by property management. Seller is related to the agent.
County
Fresno
Price Before Reduction
8200000
Price Reduction Date
2023-03-15T05:09:35+00:00
Property Sub Type
16 Units & More
Property Type
Multi-Family
Year Built
1973
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
Stucco, Wood
Gas & Electric
Public Utilities
Lot Measurement
SqFt
Lot Square Footage
92347
Parking
Carport, Covered, Uncovered, One Space per Unit
Roofing
Composition
Sewer/Water
Public Water, Public Sewer
Yard
Sprinkler - Front, Sprinkler - Back, Sprinkler - Auto, Fenced, Mature Landcsape
APN
43819051
Area
726
Cross Street Address
N Hayston
Directions
from CA 180 E - follow CA 180E to CA 168 to E Shields Ave. Take exit 2 from CA 168, continue on E Shields Ave, left onto N Maple, left onto Fountain Way.
FIPS Code
19
School District
Fresno Unified
School Name 1
Scandinavian
School Name 2
Norseman
School Name 3
McLane
School Type 1
Junior High School
School Type 2
Grade School
School Type 3
High School
Association
Fresno MLS
Cumulative Days On Market
92
Days On Market
92
Disclosures
Agent/Owner Related
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 Buildings
5
Total Units
57
Agreement Type
Exclusive Right To Sell
Expenses Include
Management, Gardener, Electric
Income Includes
Unit Rent, Laundry
Lease Type
Net
Price Per Acre
3679245.28
Price Per Square Foot
332.76
REO/Bank Owned
no
Sources of Income/Expenses
Property Manager
Tenant Pays
Electricity, Cable TV
Terms
Conventional, Cash
Transaction Type
Sale
Listing courtesy of Angelica Camberos of Realty Source
Contact - Listing ID 588451
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
