707 E Shields Ave - Apartments FOR SALE


Fresno, CA 93704
$419,500 USD
559-259-5951
707 E Shields Ave, Fresno, CA for Sale
$419,500 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

707 E Shields Ave
Fresno, CA 93704


OVERVIEW

Fig Garden-Duplex Investment Opportunity! Discover this versatile live/work duplex, offering two well-appointed units, each with 3 bedrooms, 1 bathroom, and separately metered. The property features a spacious garage with convenient laundry hookups and a large yard. Both units are currently occupied by a single tenant, who is under a month-to-month lease, generating $2,300 monthly, including $150 for tax and insurance reimbursements. With proforma market rent estimated at $1,850 per unit, this property holds significant income potential. NNN reimbursements are adjusted annually or with a new lease, providing positive cashflow for the future. This is a rare chance to secure a strong investment with room for growth. Offers are subject to inspection—please respect the tenant's privacy and do not disturb them. PLEASE CONTACT LISTING AGENT: Matthew Niswander DRE# 01767140, Better Homes and Gardens Real Estate 559-455-8006

FOR SALE DETAILS

PRICE

$419,500 USD

PRICE/SF

$232 USD /SF

# OF UNITS

2

PRICE/UNIT

$209,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CP

APN/PARCEL ID

435-315-25

ASK ABOUT THIS PROPERTY

Tiffany BeanDesantis CommercialMore Info
559-259-5951

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Tiffany BeanDesantis CommercialMore Info
559-259-5951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.