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$750,000

Est. payment - /mo

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6 BD

5 BA

7,319 SqFt

Active

373 N Fresno Street Fresno, CA 93701

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/24/2024 06:26 AM

Key Details

Property Type Multi-Family

Sub Type 5 to 15 Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,319 sqft

Price per Sqft $102

MLS Listing ID 620513

Bedrooms 6

Year Built 1920

Lot Size 9,962 Sqft

Property Description

For sale is a heritage-designated mixed-use property (Paul A. Christenson Building), a rare chance to own a piece of Fresno's architectural history. The building is +/- 7,319 SF with five total units, featuring three commercial spaces on the ground floor and two 3-bedroom, 1-bath apartments above. There is a gated parking lot. The property showcases beautiful original architectural details: exposed brick, oak flooring, custom windows, and crown molding. The property is close to the Tower District, Downtown Fresno, Community Regional Medical Center, and Yokomi Elementary School. It's also near a bus route & Fwy 180, with easy access to all major freeways in the area. Its central location makes it ideal for businesses, young professionals, medical employees, government employees, and families. This property offers both residential and commercial income sources. The corner commercial unit is leased under an 10-year NNN lease with 4% annual rent increases and a 5-year renewal option to renew. Renovation work has paused and the property is being sold in as-is condition. The seller completed major recent upgrades such as installing fire sprinklers, electrical, plumbing, new HVAC units, & roof repairs. The new buyer will need to complete the renovations, subject to City of Fresno and Historic Preservation committee approval. The sale includes key fixtures and appliances, which the buyer will install after close of escrow.

Location

State CA

County Fresno

Area 701

Interior

Heating Central Heat/Cool, Window or Wall A/C

Cooling Central Heat/Cool, Window or Wall A/C

Flooring Both

Fireplaces Type None

Exterior

Exterior Feature Brick

Garage More than One Space

Roof Type Rolled Comp

Parking Type More than One Space

Building

Story Two

Sewer Public Water, Public Sewer

Water Public Water, Public Sewer

Schools

Elementary Schools Yokomi

Middle Schools Yosemite

High Schools Roosevelt

School District Fresno Unified

Others

Acceptable Financing Conventional, Cash, Submit, Owner Carry

Disclosures See Remrks/Attchmnts

Listing Terms Conventional, Cash, Submit, Owner Carry

Listed by Ronald Stumpf • Stumpf And Company

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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