3109 N Thorne Avenue, Fresno, CA 93704

• 32 beds |
• 24 baths |
• 17,472 sqft

Property Description

16-Unit Complex - All 2 Bed 1.5 Bath Townhomes - Strong Value-Add Opportunity Current rents are approximately 45% below market, presenting a compelling opportunity to unlock substantial upside in revenue, cash flow, and overall asset value. Investors can drive income growth through natural lease turnover, light interior improvements, and by reactivating the on-site laundry room to capture additional ancillary income.Desirable, High-Demand Unit Mix: The property consists entirely of 2-bedroom / 1.5-bath townhomes, each over 1,100 SF - a unit type in high demand among families and long-term renters. These larger floorplans tend to attract strong tenants, reduce turnover, and maximize occupancy and net operating income while minimizing annual turnover expenses. Prime Central Fresno Location with High Renter Demand:Ideally located across from Dailey Elementary Charter School and within 1.5 miles of FresnoHigh School and Fresno City College, the property is well-suited for families and students. It is also within 2 miles of the Tower District and 2.5 miles of Fig Garden Village - two of Fresno's top dining, retail, and lifestyle corridors. These location advantages contribute to strong, consistent renter demand and support long-term value growth.Minimal Near-Term CapEx with Recent Improvements: Major capital improvements have already been completed, including a newly repaved parking lot in 2024, annual roof servicing, and electrical subpanel upgrades in most units. The property has been maintained and presents minimal short-term capital expenditure risk, giving investors the ability to focus on revenue growth from day one.

Listing Status:

Active

Listing Office:

Visintainer Group : 559-890-0237

Listing Agent:

Dustin Ilic : 559-999-9829

MLS ID:

641090

Interior

• Appliances: Refrigerator: All UnitsStove: All units
• A/C: Central Heat/Cool
• Heating:
• Fireplace: None

Exterior

• Parking: Carport

Construction

• Roofing: Other
• General: StuccoWood SidingTwoConcrete Perimeter

Location

• Golf: PoolOn-Site Manager
• Originating MLS: Fresno MLS
• School District: Fresno Unified
• County: Fresno

Lot

• Zoning: 44304417

Utilities

• Utilities: Public UtilitiesOn
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Fresno MLS

This listing courtesy of Dustin Ilic, Visintainer Group