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$ 550,000
Est. payment /mo
Pending
330 N Abby ST Fresno, CA 93701
7 Beds
7 Baths
3,220 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $170
MLS Listing ID 640507
Bedrooms 7
Full Baths 7
HOA Y/N No
Year Built 1941
Lot Size 6,708 Sqft
Property Sub-Type Multi Family
Property Description
Seller Financing available---upto $400000 on reasonable termsInvestment Opportunity - Multi-Unit Property with Value-Add PotentialThis property presents an excellent opportunity for contractors, investors, or developers. Due to the current condition, the only financing available is cash or a hard money renovation loan.The property consists of three separate buildings:Two duplexes (4 units total) - unaffected by fire damage.One triplex (3 units total) - one unit on the second floor sustained fire damage. The other second-floor one-bedroom unit remains habitable per the City. The first floor features a studio unit and garages, which may have some fire damage.Summary of units:7 total units: 6 are 1 bed / 1 bath, and 1 is a studio.Only 1 unit is fire-damaged.Studio and garages may have water damagesPG&E has restored electricity to one unit in the triplex.The 4 duplex units need some electrical repairs from the main line.Prior to the fire, all units were rented and had passed Section 8 inspections.Income potential:Gross monthly income before fire: $8,516Gross annual income before fire: $102,192Additional features:Newer roof on both duplexes.Easy access to freeways, shopping, parks, and public transit.A few tenants remain in the duplexes, and one tenant remains in the triplex.With repairs and renovation, this property can be restored to a strong cash-flowing asset and a valuable addition to your portfolio.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Evaporative Cooling, Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Garage, Covered
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 2
Foundation Wood Subfloor
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Others
Virtual Tour https://www.youtube.com/watch?v=ASWmlb9luRI
Listed by Realty Concepts, Ltd. - Clovis
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