642 North Thorne Avenue

Fresno, CA 93728

$740,000
Price
9
Beds
7
Baths
3,643 Sq. Ft.
$203 / Sq. Ft.
3,643
Sq. Ft.
$203
per Sq. Ft.

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.
  1. Listed by Diane C Tycangco • DRE #01771170 • eXp Realty of California, Inc.

Property Details for 642 North Thorne Avenue

Garage Spaces
0
Cross Street Address
E Thomas Ave
LISTING UPDATED: 11/01/2024 08:54 PM

Property Details for 642 North Thorne Avenue

StatusActive
MLS #617680
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5 to 15 Units
Year Built1927
Lot Size0.15 AC / 6,500 SF
CountyFresno 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

Summary
Location and General Information
  • Region: Urban
  • Directions: From Highway 99 take exit 135 Olive Ave, right onto N Weber Ave, left into W Thomas Ave, right into N Thorne Ave.
  • Census Tract: .00
  • Unique Conditions: 1031 Exchange
School Information
  • School Name 1: Fresno
  • School Name 2: Fort Miller
  • School Name 3: Muir
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 45027101
  • 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: Leases
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Disposal: All units
  • Total Buildings: 1
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Composition
  • Yard: Sprinkler - Manual, Fenced
Interior Features
  • Heat/Cool: Window or Wall A/C
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
Multi Family
Income & Expenses Information
  • Annual Expense: $30,632.00
  • Annual Income: $81,660.00
  • Expenses Include: Management, Gardener, Maintenance/Repair, Insurance, Electric, Water, Sewer, Taxes
  • Income Includes: Unit Rent, Month to Month, Lease
  • Net Income: $51,028.00
  • Total Units: 7
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 2 2BD 5 studio
  • Square Feet: 3642
  • Rooms: 0
  • Bathrooms: .00
  • Suite Number: 7
  • Identical Units: 0
  • Rent: $6,395.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas
  • Lease Type: Net

Property History for 642 North Thorne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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642 North Thorne Avenue is a multi-family home for sale in Fresno, CA 93728. This property was listed for sale on August 29, 2024 by eXp Realty of California, Inc., it's currently listed at $740,000. It has been on the market for a total of 87 days and was last sold on June 9, 2022. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Muir Elementary School, Fort Miller Middle School and Fresno High School. 642 North Thorne Avenue is a 9-bed, 7-bath, 3,643 sqft multi-family home built in 1927.

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 eXp Realty of California, Inc.

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.