$750,000
642 N Thorne Ave, Fresno, CA 93728
- 9Beds
- 7Baths
- 3643SqFt
- 9Beds
- 7Baths
- 3643SqFt
- Property TypeCondo
- Year Built1927
- Price per Sqft$206
- On highrises18 Days
Property Details
Rare CASH-FLOWING 7 unit apartment building in the Tower District!There are 5 studio units and 2 2 bedroom units.Excellent 6.1% Cap Rate 9.82 GRM! All rents are current. No delinquencies.2b1b Rehab will bring it up to market rent from $760 to approx $1 - improving the already excellent CAP Rate & GRM listed above!Rehab will be finished by mid-Sept 2024, Shared front and backyard. No HOA fees. Separate electric meters.Only 15 minutes away from Fresno State University. The location provides easy access to Hwy 99 and nearby shopping at Costco, Walmart Supercenter, Home Depot, Target.Property is occupied and so please refrain from walking the grounds or disturbing the tenants.This is an excellent opportunity for investors to capitalize on a well-established propertyin the growing city of Fresno.
Property Features
Bedrooms
- Bedrooms: 9
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Diane Tycangco
- Brokered by:
- Exp Realty Of California Inc
- (888) 584-9427