Discover an unbeatable investment opportunity at 642 N Thorne Ave, Fresno, CA 93728. This charming multifamily property features 7 units, including a mix of 2B1B apartments and studios, offering a total rental income of $81, 660/year. With a 7% cap rate at 100% occupancy, this low-rise apartment building presents a lucrative investment in a desirable location just 15 minutes away from Fresno University and the vibrant Tower District. The property, listed at $725, 000, comes with the added perk of a $10, 000 discount when using the preferred lender. It is being sold as-is, ideal for savvy investors looking to maximize returns. Don't miss this chance to own a piece of Fresno's real estate market and generate consistent passive income.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Exterior and Lot Features
- Stucco
- Yard: Fenced, Mature Landcsape
Land Info
- Lot Dimensions Source: SqFt
- Lot Size Acres: 0.1492195
- Lot Size Square Feet: 6500
Manufactured and Mobile Info
Homeowners Association
- Association Fee Amenities: Corner
Rental Info
- Income Includes: Unit Rent, Month to Month, Lease
- Tenant Pays: Electricity
Other Property Info
- City Region: Fresno
- Source Listing Status: Active
- County: Fresno
- Cross Street: W Thomas Avenue
- Source Property Type: Multi Family
- Area: 728
- Property Subtype: condo
- Source Neighborhood: 728
- Parcel Number: 45027101
- Postal Code Plus 4: 3057
- State Region: Urban
- Property Subtype: 5 to 15 Units
- Source System Name: C2C
Commercial Info
- Operating Expense Includes: Management, Gardener, Maintenance/Repair, Insurance, Accounting/Legal, License/Ads, Electric, Water, Sewer, Taxes
Building and Construction
- Total Square Feet Living: 3643
- Year Built: 1927
- Building Exterior Type: Stucco
- Levels: Two
- Property Age: 98
- Roof: Composition
- Levels or Stories: 2
Utilities
- Gas: Public Utilities
- Sewer: Public Water