MULTI_FAMILY - Fresno, CA
Seller Financing available---upto $400000 on reasonable termsInvestment Opportunity - Multi-Unit Property with Value-Add Potential
This property presents an excellent opportunity for contractors, investors, or developers. Due to the current condition, the only financing available is cash or a hard money renovation loan.
The property consists of three separate buildings:
Two duplexes (4 units total) - unaffected by fire damage.
One triplex (3 units total) - one unit on the second floor sustained fire damage. The other second-floor one-bedroom unit remains habitable per the City. The first floor features a studio unit and garages, which may have some fire damage.
Summary of units:
7 total units: 6 are 1 bed / 1 bath, and 1 is a studio.
Only 1 unit is fire-damaged. Studio and garages may have water damages
PG&E has restored electricity to one unit in the triplex.
The 4 duplex units need some electri...
The 4 duplex units need some electrical repairs from the main line.
Prior to the fire, all units were rented and had passed Section 8 inspections.
Income potential:
Gross monthly income before fire: $8,516
Gross annual income before fire: $102,192
Additional features:
Newer roof on both duplexes.
Easy access to freeways, shopping, parks, and public transit.
A few tenants remain in the duplexes, and one tenant remains in the triplex.
With repairs and renovation, this property can be restored to a strong cash-flowing asset and a valuable addition to your portfolio.
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