1561 N Van Ness Avenue, Fresno, CA 93728
- $2,600,000
- 8
- BD
- 16
- BA
- 11,668
- SqFt
- List Price
- $2,600,000
- Status
- ACTIVE
- Days on Market
- 84
- MLS#
- 650776
- Subtype
- Residential Income
- Year Built
- 1928
- Bedrooms
- 8
- Bathrooms
- 16
- Full Baths
- 16
- Living Area
- 11,668
- Lot Size
- 6,150
- Acres
- 0.14
Property Description
Excellent investment opportunity in Fresno's Historic District! This well-maintained 16-unit building offers strong cash flow. Units are in high demand, and vacancies lease quickly, providing consistent occupancy and income potential.Recent improvements include a new roof, helping reduce future capital expenses and adding value for years to come. The property is ideally located near Fresno City College, Fresno High School, and the vibrant Tower District, offering tenants convenient access to education, dining, shopping, and entertainment. Commuters will appreciate the easy access to Highway 41 and Highway 180, providing connectivity throughout the Fresno metropolitan area.This is a 3 level unit. The first two levels feature 1 bedroom, 1 bath units. The third level features 8 studios.Whether you are looking to expand your portfolio or acquire a turnkey multifamily asset with proven income performance, this property presents a rare opportunity in one of Fresno's most desirable and centrally located neighborhoods.
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Additional Information
- Heating
- Floor or Wall Heat
- Air Conditioning
- Wall/Window Unit(s)
- Levels
- Three Or More
- Roof
- Composition, Tile
- Foundation
- Concrete Perimeter, Wood Subfloor
- Parking Features
- Garage
- School District
- Fresno Unified
Listing courtesy of listing agent with eXp Realty of California, Inc., 559-349-6208.
Based on information from the Fresno Association of REALTORS® as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.