577 East Fountain Way

Fresno, CA 93704

$675,000
Price
6
Beds
5
Baths
3,360 Sq. Ft.
$201 / Sq. Ft.
3,360
Sq. Ft.
$201
per Sq. Ft.

Description

GREAT INVESTMENT opportunity! Motivated sellers, property currently appraised for $725,000. This well maintained 5-unit complex has four 1-bedroom, 1-bath units and one 2-bedroom 1-bath unit, a laundry room, and covered parking. All units are currently rented with long-term tenants. It is centrally located in a well-developed neighborhood across from Gazebo Gardens and just steps away from Christmas Tree Lane. It is minutes from the Tower District, about a 5-minute drive to Fresno City College, 15...GREAT INVESTMENT opportunity! Motivated sellers, property currently appraised for $725,000. This well maintained 5-unit complex has four 1-bedroom, 1-bath units and one 2-bedroom 1-bath unit, a laundry room, and covered parking. All units are currently rented with long-term tenants. It is centrally located in a well-developed neighborhood across from Gazebo Gardens and just steps away from Christmas Tree Lane. It is minutes from the Tower District, about a 5-minute drive to Fresno City College, 15 minutes to Fresno State University, and 1.2 miles to Freeway 41.
  1. Listed by Lillian J Frankian • DRE #01953665 • London Properties-Clovis

Property Details for 577 East Fountain Way

Garage Spaces
0
Cross Street Address
Van Ness
LISTING UPDATED: 12/30/2024 10:45 AM

Property Details for 577 East Fountain Way

StatusActive
MLS #619884
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5 to 15 Units
Year Built1965
Lot Size0.17 AC / 7,405 SF
CountyFresno County

Building Information for 577 East Fountain Way

Stories-Residences5Year Built1965Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 577 East Fountain Way

Summary
Location and General Information
  • Region: Urban
  • Directions: West on Shields Ave, north on Van Ness Ave, west on Fountain Way.
  • Census Tract: .00
School Information
  • School Name 1: Fresno
  • School Name 2: Fort Miller
  • School Name 3: Hamilton
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Carport, Covered, One Space per Unit
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 43522510
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Documents Available: Appraisal
  • Leased Equipment: Washer/Dryer (s)
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Disposal: More than One Unit
  • Total Buildings: 1
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water
  • Facilities: Utility Room
  • Dishwasher: None
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Both
  • Roofing: Composition
  • Yard: Sprinkler - Front, Sprinkler - Auto, Fenced
  • Site Amenities: Corner
Interior Features
  • Heat/Cool: Central Heat/Cool, Floor or Wall Heat, Window or Wall A/C
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
Multi Family
Income & Expenses Information
  • Annual Expense: $23,656.00
  • Annual Income: $48,000.00
  • Expenses Include: All
  • Income Includes: Unit Rent, Month to Month
  • Net Income: $24,344.00
  • Total Units: 5
Unit 1 Information
  • Unit Number: 0
  • Unit Description: A
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 4
  • Rent: $875.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: B
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 4
  • Rent: $650.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: C
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 4
  • Rent: $722.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: D
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 1
  • Rent: $895.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: E
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 4
  • Rent: $855.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Cable TV
  • Lease Type: Net

Property History for 577 East Fountain Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 577 East Fountain Way

Taxable ValueLand$30,658Additions$288,532Total$319,190
Tax Record2024$4,163 ($347 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories2Lot Size7,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningRS5CountyFRESNOAPN435-225-10Fireplace TypeHas Fireplace

Schools near 577 East Fountain Way

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - K to 5
Public - 1 to 6
Rating
School
Distance
Hamilton Elementary School
PublicK to 8

Fresno High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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577 East Fountain Way is a multi-family home for sale in Fresno, CA 93704. This property was listed for sale on October 10, 2024 by London Properties-Clovis, it's currently listed at $675,000. It has been on the market for a total of 60 days and was last sold on November 14, 2003. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Hamilton Elementary School, Fresno High School and Morris E. Dailey Charter Elementary School. 577 East Fountain Way is a 6-bed, 5-bath, 3,360 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of London Properties-Clovis

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.