Chat 424 S Chestnut Avenue, Fresno, CA 93702 | MLS #601724 | Guarantee Real Estate

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Listing provided courtesy of Fresno Income Properties - MLS#601724MLS Provider
Contact Information: Paul@FresnoIncomeProperties.com

424 S Chestnut AvenueFresno, CA 93702

Multi-Family · 25 Beds · 9,650 Sq. ft. | 0.46 Acres

$1,755,000 Pending AcceptBackup

Overview

Time on Site:
169 days
Visits:
0

This 13-unit, two story gated complex comprises a versatile mix of living spaces, including 10 comfortable 2-bed/1-bath units, 2 cozy 1-bed/1-bath units, and 1 spacious 3-bed/2-bath unit. Tenants enjoy the convenience of nearby shopping center featuring Walgreens, Home Depot, Chase Bank, and various dining options that is just a short walk away. Whether you're an experienced investor looking to expand your portfolio or in search of a 1031 exchange property, this is your chance. Please respect tenant privacy and refrain from walking on the grounds.Neighboring 14 Unit complex at 423 S. Dearing is also available to form a 27 unit complex.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,650
  • Price/Sq.ft. $181
  • Lot 0.46 Acres

General

Income/Expenses
  • Net Operating Income: 95004.00
Listing Information
  • Availability Date: 1800-01-01
Building Information
  • Year Built: 1964
Location/Region
  • County Or Parish: Fresno
  • MLS Area Major: 702
Rent/Lease Information
  • Tenant Pays: Electricity,Gas,Cable TV
General Information
  • Property Sub Type: 5 to 15 Units
  • Property Type: Multi Family

Interior

Parking Information
  • Garage Spaces: 0
Beds/Baths
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 14.00
  • Bedrooms Total: 25
  • Bedrooms Possible: 0
General Information
  • Fireplace Features: None
  • Foundation Details: Both
  • Living Area: 9650.00
  • Living Area Source: Tax Records
  • Stories: Two

Exterior

Lot Information
  • Lot Size Acres: 0.4591
  • Lot Size Source: (Tax Records)
  • Lot Size Square Feet: 20000.00
  • Number Of Buildings: 1
Building Exterior/Construction
  • Construction Materials: Stucco,Wood
  • Roof: Composition
General Information
  • Number Of Units Total: 13

Neighborhood

Community

93702 (Fresno) Demographics
28
Median Age
8,295
Population Density (per sq. mile)
13%
College Educated
$30,473
Estimated Median Income
4,146
Estimated Total Home Owners
7,966
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
3
Public
Ann B. Leavenworth
  • Grades: KG - 6
  • Enrollment: 843
2
Public
Burroughs Elementary
  • Grades: KG - 6
  • Enrollment: 775
2
Public
Jackson Elementary
  • Grades: KG - 6
  • Enrollment: 426
1
Public
Lane Elementary
  • Grades: KG - 6
  • Enrollment: 626
1
Public
Miguel Hidalgo Elementary
  • Grades: KG - 6
  • Enrollment: 633
1
Public
Rowell Elementary
  • Grades: KG - 6
  • Enrollment: 664
2
Public
Vang Pao Elementary
  • Grades: KG - 6
  • Enrollment: 894
2
Public
Winchell Elementary
  • Grades: KG - 6
  • Enrollment: 735
Middle Schools
3
Public
Ann B. Leavenworth
  • Grades: KG - 6 /
  • Enrollment: 843
2
Public
Burroughs Elementary
  • Grades: KG - 6 /
  • Enrollment: 775
2
Public
Jackson Elementary
  • Grades: KG - 6 /
  • Enrollment: 426
1
Public
Lane Elementary
  • Grades: KG - 6 /
  • Enrollment: 626
1
Public
Miguel Hidalgo Elementary
  • Grades: KG - 6 /
  • Enrollment: 633
1
Public
Rowell Elementary
  • Grades: KG - 6 /
  • Enrollment: 664
1
Public
Sequoia Middle
  • Grades: 7 - 8 /
  • Enrollment: 872
2
Public
Vang Pao Elementary
  • Grades: KG - 6 /
  • Enrollment: 894
2
Public
Winchell Elementary
  • Grades: KG - 6 /
  • Enrollment: 735
High Schools
2
Public
Roosevelt High
  • Grades: 9 - 12 /
  • Enrollment: 2,160
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$310,111
Median Sales Price
$220
Median Price per Square Foot
18
Properties Sold
20
New on Market
62
Average Days on Market
61
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
1/20/2024Source: Fresno MLS Status Change
Pending AcceptBackup