Active
642 N Thorne Avenue
Fresno CA, 93728
$750,000
$205.87 per sqft
Active
9 Beds
7 Baths
3,643 sqft
Multi-family
Built in 1927
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 $1100-1200 - 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.
617680
MLSⓇ ID
August 29, 2024
Listed
September 17, 2024
Updated
Map
642 N Thorne Avenue
Fresno CA, 93728
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
7
Appliances
Refrigerator: All Units, Disposal: All units, Stove: All units
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Exterior Features
Urban, Sprinkler - Manual
Lot Features
Urban, Sprinkler - Manual
Roof
Composition
Sewer
Public Sewer
School Information
School District
Fresno Unified
Other Property Details
Area Name
728
Garage
No
View
No
County
Fresno
Water Source
Public
Pool
No
Listed by eXp Realty of California, Inc., Diane C. Tycangco,
Listing Contact: 669-336-2284
All properties are subject to prior sale, change or withdrawal. 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. 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. Data last updated 9/17/2024 10:32 AM UTC.
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