Owner just completed $2+mm in renovations. Gated 57 unit complex in a great location with easy freeway access. Unit mix are one 2/2 and 56 studios with covered carports. Renovations include roofing, HVAC, windows, paint, upgraded kitchens, bathrooms, flooring, LED lights, plumbing fixtures, appliances, wrought iron fencing with power gate, parking lot asphalt, and much more. Onsite laundry. Room for rent increases. Do not walk grounds or disturb residents. Seller will guarantee the rents for any vacant units not rented prior to the close of escrow, for up to 6 months after the close of escrow based on rents of $1075.00 per unit. Submit offers subject to walk through inspections. For financed offers please attach pre-approval letter, VOF to close and copy of EMD. Cash offers please submit VOF to close and copy of EMD. Buyer to verify income and expenses provided by property management. Seller is related to the agent.
- Price:
- $7,800,000
- Bedrooms:
- 58
- Full Baths:
- 57
- Square Footage:
- 23,440
- Acreage:
- 2.12
- Year Built:
- 1973
- Listing ID #:
- 588451
- Street Address:
- 4518 E Fountain Way
- City:
- Fresno
- State:
- California
- Postal Code:
- 93726
- County:
- Fresno
- Community:
- 726
- Listing Status:
- Active
- Listing Type:
- 16 Units & More
School District: Fresno Unified
PRESCHOOL-6
800 students
23 student/teacher
7-8
700 students
23 student/teacher
9-12
2145 students
19 student/teacher
Source: ATTOM
- Construction Description:
- Stucco, Wood
- Foundation:
- Concrete Perimeter
- Number Of Units:
- 57
- Square Footage Source:
- Tax Records
- Stories:
- Two
- Total Building Square Footage:
- 23440
- Type Of Roof:
- Composition
- Year Built:
- 1973
- Approximate Lot Size Range Source:
- (tax Records)
- Lot Square Footage:
- 92347.00
- Days On Market:
- 98
- Lease Type:
- Net
- On Market Date:
- 2022-12-13
- Originating Mls:
- Fresno Multiple Listing System
- Price Per Acre:
- 3679245.28
- Price Per Square Foot:
- 332.76
- Tenant Pays:
- Electricity, Cable Tv
- Heating And Air:
- Central Heat/Cool
- Water/Sewage:
- Public Water, Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Angelica Camberos of Realty Source
-
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS) as of March 22, 2023. 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.
Listing Provided By Schuil & Associates 
