1526 N Palm Avenue

    Fresno, CA 93728
    • $219,500
    • STATUS: Active
    • ON SITE: 168 days
    • ID#: 498351
    UPDATED: 59 min ago
    $219,500
    • 4
      BEDS
    • 0.14
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,262
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    728
    Type:
    Commercial
    Built:
    1951
    County:
    Area:
    728

    School Ratings & Info

    Description

    Seller Motivated, Bring All Offers! An opportunity to own a single property with a commercial store front on Palm and a residential home behind on Ferger. 1526 N Palm is block wall construction, has a showroom, back office/storage, and bathroom complete with shower. Central heat and cool, and currently gets $850 per month base rent, NNN lease where tenant pays (reimbursement) for property taxes and insurance. (Lease term is 10/1/17-9/30/2020) The 3 bedroom 1 bathroom home behind the commercial building is on 1533 N Ferger, has central heating and cooling, laundry room inside, and gets $1,100 per month rent (month to month lease), and there is room for a $100/month increase. Each unit has its own PGE meter. A great opportunity to diversify and have one property producing both residential and commercial rental income. Total annual net income is $22,878, 10% CAP! Seller would prefer to bulk sale this property with 725 N Fresno Street, if possible. PLEASE DO NOT DISTURB TENANTS

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    © 2018 Fresno Multiple Listing Service, Inc. 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. 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. Data last updated: 2018-08-21T06:47:38.05.
    www.fresyesrealty.com/homes/81299541

    1526 N Palm Avenue Fresno, CA 93728

    • Price: $219,500
    • Status: Active
    • Updated: 59 min ago
    • ID#: 498351
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,262
    SQFT
    $97
    $/SQFT
    1951
    Built
    Neighborhood:
    728
    County:
    Fresno
    Area:
    728
    Property Description
    Seller Motivated, Bring All Offers! An opportunity to own a single property with a commercial store front on Palm and a residential home behind on Ferger. 1526 N Palm is block wall construction, has a showroom, back office/storage, and bathroom complete with shower. Central heat and cool, and currently gets $850 per month base rent, NNN lease where tenant pays (reimbursement) for property taxes and insurance. (Lease term is 10/1/17-9/30/2020) The 3 bedroom 1 bathroom home behind the commercial building is on 1533 N Ferger, has central heating and cooling, laundry room inside, and gets $1,100 per month rent (month to month lease), and there is room for a $100/month increase. Each unit has its own PGE meter. A great opportunity to diversify and have one property producing both residential and commercial rental income. Total annual net income is $22,878, 10% CAP! Seller would prefer to bulk sale this property with 725 N Fresno Street, if possible. PLEASE DO NOT DISTURB TENANTS
    Exterior Features

    Access InterstateFreewayCity StreetPaved Road Exterior Brick/BlockOther Location Major Arteries Parking Street Roof CompositionOther

    Interior Features

    Floor Concrete Heating And Cooling Central Heat/Cool Office Sq Ft 2262 Stories One

    Property Features

    Available Date 1800-01-01 Cross Street Address Palm And Mckinley Electric Individual Meter Existing Loan Non-Assumable Lease Type Net Lot Measurement Sqft Lot Size Source (Tax Records) Miscellaneous Inside Storage Occupancy Net LeaseFixed Lease Operating Expense 2562.00 Operating Income 25440.00 Owner Pays TaxesInsurance Potential Use Retail StoreShop - NeighborhoodShop - CommercialShop - Regional Property Subtype1 Retail Property Subtype2 Showroom/Tech Reo Or Bank Owned No Restrooms 2 Sale Options Total Parcel Only Sales Includes Building (S) Square Footage Source Tax Records Tenant Pays UtilitiesTaxesInsuranceOther Terms ConventionalCash Transaction Type Sale Water Sewer Gas City WaterCity Sewer Zoning Rs-5 / Cmx

    Listing provided courtesy of Aram Melikian of Coldwell Banker Premier R. E..


    © 2018 Fresno Multiple Listing Service, Inc. 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. 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. Data last updated: 2018-08-21T06:47:38.05.
     
    Fresyes Realty
    7785 N. Palm Ave #108
    Fresno CA, 93711