$550,000

330 N Abby Street, Fresno, CA 93701

  • 7 beds |
  • 7 baths |
  • 3,220 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1941
  • Property Lot Size Icon6,708sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $171/sqft
  • Property List Date Icon Listed 6 days ago

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.

Listing Status:
Active
Listing Office:
Realty Concepts, Ltd. - Clovis : 559-322-1194
Listing Agent:
Puneet Bhargava : 559-274-7025
MLS ID:
640507
  • A/C: Evaporative CoolingWall/Window Unit(s)
  • Heating: Floor or Wall Heat
  • Fireplace: None
  • Parking: GarageCovered
  • Roofing: Composition
  • General: StuccoWood SidingTwoWood Subfloor
  • Originating MLS: Fresno MLS
  • School District: Fresno Unified
  • County: Fresno
  • Zoning: 45916225
  • Utilities: Public UtilitiesOn
  • Water: Public
  • Sewer: Public Sewer
  • Source: Fresno MLS

This listing courtesy of Puneet Bhargava, Realty Concepts, Ltd. - Clovis

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Yokomi Elementary School

2323 E McKenzie Ave, Fresno, CA, 93701

Grades PK-6

0.32 miles away

J

J. E. Young Academic Center

822 N Abby St, Fresno, CA, 93701

Grades KG-12

0.43 miles away

J

J. E. Young Academic Center

822 N Abby St, Fresno, CA, 93701

Grades KG-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.