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Charlene Anderson

eXp Realty

casellshomes@yahoo.com +1(559) 312-0115

$ 850,000

Est. payment | -/mo

6 Beds

2 Baths

2,016 SqFt

Save

$ 850,000

Est. payment | -/mo

Save

6 Beds

2 Baths

2,016 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $421

MLS Listing ID 650694

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1956

Lot Size 0.344 Acres

Property Sub-Type Duplex

Property Description

Price Improvement! Fresno State campus-adjacent investment opportunity with substantial value-add upside. Fully renovated turn-key duplex directly across the street from California State University, Fresno (~25,000 students), currently producing $56,160 annual gross rent on a by-the-room student rental model ($780/month per room, 5 of 6 currently leased).The strategic value here is in the entitled redevelopment optionality. Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, opening the door to additional multifamily in the rear, ground-floor commercial uses targeting the captive student market, or expanded student housing. The lot is the canvas.Offered with CITY-APPROVED expansion plans (Permit B24-13708) adding 4 bedrooms and 2 bathrooms via garage conversion plus nook additions and a new 540 SF carport. Stabilized proforma: 10 rooms, $93,600 gross / 5.31% cap on list. Full architectural plans, structural engineering, and energy compliance forms transfer with the property approximately $120K in soft costs already paid by seller, eliminating 6-12 months of entitlement work for the buyer.Built 1956, fully renovated. Automatic security gate, fully fenced. Operating expenses remarkably lean. Cash or DSCR loan preferred. Showings by appointment only with 24-hour notice required (tenant-occupied).Pre-listing inspection on hand, available to qualified buyers.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Refrigerator: All Units, Dishwasher: All Units, Disposal: All units, Stove: All units

Exterior

Parking Features Open

Garage Spaces 2.0

Fence Fenced

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban, Sprinklers In Front, Sprinklers In Rear, Sprinkler - Auto, Mature Landcsape

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Fresno County Ooe

Listed by The Mohan Group

NEARBY SCHOOL & BUSINESS

Charlene Anderson, Realtor

Phone

+1(559) 312-0115

casellshomes@yahoo.com

Address

USA

GET IN TOUCH

REVIEWS

* “ As first-time home buyers we were nervous, but Charlene guided us every step of the way. She was on top of all the new listings and sent us updates daily. Worked with our schedules to view homes, we always felt like a priority. I would highly recommend Charlene she knows her stuff and you will not be disappointed”

Cruz, C

* “My husband and I had some questions regarding our property. Charlene responded to our questions immediately. She provided information needed to make an informed decision. I would highly recommend Charlene. She is friendly and down to earth. I found it easy discussing our complicated situation with her. She is extremely knowledgeable and uses her resources to deliver great customer service. We will definitely go back to Charlene for any future needs”.

Vargas, D

* “Charlene Anderson is an outstanding agent. She went above and beyond the call of fiduciary responsibilities. We had a very difficult transaction and she handled with intelligence, composure, and expertise that is admirable. I would recommend her to any prospective buyers/sellers without reservation”.

Stokes, R

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4563 E Sierra Madre Avenue Fresno, CA 93726