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    172 N Van Ness Avenue

    Fresno, CA 93701
    • $724,000
    • STATUS: Closed
    • ON SITE: 98 days
    • ID#: 558379
    Sold - 07/30/2021
    $724,000
    SOLD - 07/30/2021
    • 6
      BEDS
    • 0.2
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 2,912
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    701
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:
    701

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Presenting this charming Apartment Complex consisting of seven units on beautiful Van Ness Ave, located in the heart of revitalizing Downtown Fresno. This property has value-add opportunities and a lot of natural charm. The Property consists of a detached, 2 bed/1 bath cottage, and a 1 bed/1 bath cottage. Inside the main residence are 3, 1bed/1bath units and 2 studio apartments. Property is professionally managed. Current owners have improved the interiors and kept the property meticulously maintained. The rents are under market value and all units except for one are ready to be increased. The next owner will have the option to add parking in the back for additional value. One of the cottage's can also be used as an AirBnb for additional revenue.

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    © 2021 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively 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. 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. Data last updated: 2021-08-05T12:46:51.1.
    www.twissrealty.com/homes/116548087
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    172 N Van Ness Avenue Fresno, CA 93701

    • Price: $719,000
    • Status: Closed
    • Updated: 92 min ago
    • ID#: 558379
    6
    Beds
    7
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,912
    SQFT
    $249
    $/SQFT
    1912
    Built
    Neighborhood:
    701
    County:
    Fresno
    Area:
    701
    Elementary School:
    Lowell
    Middle School:
    Tehipite
    High School:
    Roosevelt
    School District:
    Fresno Unified
    Property Description
    Presenting this charming Apartment Complex consisting of seven units on beautiful Van Ness Ave, located in the heart of revitalizing Downtown Fresno. This property has value-add opportunities and a lot of natural charm. The Property consists of a detached, 2 bed/1 bath cottage, and a 1 bed/1 bath cottage. Inside the main residence are 3, 1bed/1bath units and 2 studio apartments. Property is professionally managed. Current owners have improved the interiors and kept the property meticulously maintained. The rents are under market value and all units except for one are ready to be increased. The next owner will have the option to add parking in the back for additional value. One of the cottage's can also be used as an AirBnb for additional revenue.
    Exterior Features

    Exterior WoodBrick Region Urban Roofing Composition

    Interior Features

    Fireplace None Floor Wood Subfloor Heating And Cooling Central Heat/CoolFloor Or Wall HeatWindow Or Wall A/C Stories Two

    Property Features

    Annual Expense 31612.00 Annual Income 53748.00 Cross Street Address Divisadero Expenses Include ManagementGardenerMaintenence/RepairAccounting/LegalLicense/AdsElectricWaterSewerVacancy Factor Financing Conventional Gas And Electric Public Utilities Income Includes Unit RentMonth To Month Lease Type Net Lot Measurement Sqft Lot Size Source (Tax Records) Net Income 22137.00 Property Subtype1 5 To 15 Units Reo Or Bank Owned No Sale Options Total Parcel Only Sewer Water Public WaterPublic Sewer Square Footage Source Tax Records Tenant Pays ElectricityGas Terms ConventionalCash Transaction Type Sale

    Listing provided courtesy of Jeffrey Zimmerman of Realty Concepts, Ltd.


    © 2021 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively 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. 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. Data last updated: 2021-08-05T12:46:51.1.
     
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