642 N Thorne Avenue Fresno CA 93728 MLS #617680

642 N Thorne Avenue
Fresno, CA, 93728
$740,000
9 Beds
7 Baths
3,643 SqFt
0.15 Acres
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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.

Property Details

Price:
$740,000
MLS #:
617680
Status:
Active
Beds:
9
Baths:
7
Address:
642 N Thorne Avenue
Type:
Multi Family
Subtype:
5 to 15 Units
Neighborhood:
728
City:
Fresno
Listed Date:
Aug 29, 2024
State:
CA
Finished Sq Ft:
3,643
ZIP:
93728
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
1927
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Gina Jelladian-Boyajian

Gina Jelladian-Boyajian

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Phone 559 905-9502

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Fresno Unified

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Rover IDX
642 N Thorne Avenue
Fresno, CA

FRESNO OFFICE

1099 East Champlain Dr.

Suite A #229

Fresno, CA 93720

CENTRAL COAST

OFFICE

Post Office Box 485

Avila Beach, CA 93424

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Fresno Association of REALTORS®.