642 North Thorne Avenue
$740,000
9
7
3,643
3,643
$203
Description
Rare CASH-FLOWING 7 unit apartment building in the Tower District! There are 5 studio units and 2 2 bedroom units. Excellent 7% Cap Rate 8.9 GRM! All rents are current. No delinquencies. Current income is now $6805/mo, $81,660/yr.$10,000 discount for buyer who uses a specific lender. Please call to inquire. Shared front and backyard. No HOA fees. Separate electric meters. Only 15 minutes away from Fresno State University. The location provides easy access to Hwy 99 and nearby shopping at Costco,...Rare CASH-FLOWING 7 unit apartment building in the Tower District! There are 5 studio units and 2 2 bedroom units. Excellent 7% Cap Rate 8.9 GRM! All rents are current. No delinquencies. Current income is now $6805/mo, $81,660/yr.$10,000 discount for buyer who uses a specific lender. Please call to inquire. Shared front and backyard. No HOA fees. Separate electric meters. Only 15 minutes away from Fresno State University. The location provides easy access to Hwy 99 and nearby shopping at Costco, Walmart Supercenter, Home Depot, Target. Property is occupied and so please refrain from walking the grounds or disturbing the tenants. This is an excellent opportunity for investors to capitalize on a well-established propertyin the growing city of Fresno.
- Listed by Diane C Tycangco • DRE #01771170 • eXp Realty of California, Inc.
Property Details for 642 North Thorne Avenue
Garage Spaces
0
Cross Street AddressE Thomas Ave
LISTING UPDATED: 11/01/2024 08:54 PM
Property Details for 642 North Thorne Avenue
Status | Active |
---|---|
MLS # | 617680 |
Days on Market | 87 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 5 to 15 Units |
Year Built | 1927 |
Lot Size | 0.15 AC / 6,500 SF |
County | Fresno County |
Building Information for 642 North Thorne Avenue
Stories-Residences7Year Built1927Building Size-Lot Size0.15 AC / 6,500 SF
Property Information for 642 North Thorne Avenue
Property History for 642 North Thorne Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 642 North Thorne Avenue
Taxable ValueLand$41,616Additions$582,624Total$624,240
Tax Record2024$8,159 ($680 / month)
Home Facts
Total Finished SqFt3,643 SqFtAbove Grade Finished SqFt3,643 SqFtStories2Lot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningRS5CountyFRESNOAPN450-271-01Fireplace TypeHas Fireplace
Schools near 642 North Thorne Avenue
This home is within Fresno Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Muir Elementary School PublicK to 6 | ||
Fort Miller Middle School Public7 to 8 | ||
Fresno High School Public9 to 12 | ||
School Of Unlimited Learning Charter9 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.
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