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Mario Rivera

info@igniterea.com +1(559) 549-4093

$ 2,164,000

Est. payment -/mo

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Pending

3109 N Thorne AVE Fresno, CA 93704

32 Beds

24 Baths

17,472 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 17,472 sqft

Price per Sqft $123

MLS Listing ID 641090

Bedrooms 32

Full Baths 24

HOA Y/N No

Year Built 1966

Lot Size 0.604 Acres

Property Sub-Type Multi Family

Property Description

16-Unit Complex - All 2 Bed 1.5 Bath Townhomes - Strong Value-Add Opportunity Current rents are approximately 45% below market, presenting a compelling opportunity to unlock substantial upside in revenue, cash flow, and overall asset value. Investors can drive income growth through natural lease turnover, light interior improvements, and by reactivating the on-site laundry room to capture additional ancillary income.Desirable, High-Demand Unit Mix: The property consists entirely of 2-bedroom / 1.5-bath townhomes, each over 1,100 SF - a unit type in high demand among families and long-term renters. These larger floorplans tend to attract strong tenants, reduce turnover, and maximize occupancy and net operating income while minimizing annual turnover expenses. Prime Central Fresno Location with High Renter Demand:Ideally located across from Dailey Elementary Charter School and within 1.5 miles of FresnoHigh School and Fresno City College, the property is well-suited for families and students. It is also within 2 miles of the Tower District and 2.5 miles of Fig Garden Village - two of Fresno's top dining, retail, and lifestyle corridors. These location advantages contribute to strong, consistent renter demand and support long-term value growth.Minimal Near-Term CapEx with Recent Improvements: Major capital improvements have already been completed, including a newly repaved parking lot in 2024, annual roof servicing, and electrical subpanel upgrades in most units. The property has been maintained and presents minimal short-term capital expenditure risk, giving investors the ability to focus on revenue growth from day one.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Refrigerator: All Units, Stove: All units

Exterior

Parking Features Carport

Community Features Pool, On-Site Manager

Utilities Available Public Utilities

Roof Type Other

Building

Lot Description Urban

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Fresno Unified

Listed by Visintainer Group

SCHOOLSPROPERTIES

Elementary Schools 20

10

Morris E. Dailey Charter Elementary School

Public | KG - 5
10

Manchester Gate

Public | 2 - 6
7

Baird Middle School

Public | 5 - 8
7

Lowell Elementary School

Public | KG - 6
6

Malloch Elementary School

Public | KG - 6
6

Bullard Talent Project

Public | KG - 8
6

Webster Elementary School

Public | KG - 6
5

Valley Preparatory Academy Charter

Public | KG - 12
5

Homan Elementary School

Public | KG - 6
5

Gibson Elementary School

Public | KG - 6
5

Powers-Ginsburg Elementary School

Public | KG - 6
5

Del Mar Elementary School

Public | KG - 6
5

Susan B. Anthony Elementary School

Public | KG - 6
5

Akira Yokomi Elementary School

Public | KG - 6
5

Jefferson Elementary School

Public | KG - 6
5

Birney Elementary School

Public | KG - 6
4

Slater Elementary School

Public | KG - 6
4

Hamilton Elementary School

Public | KG - 8
4

Holland Elementary School

Public | KG - 6
4

Robinson Elementary School

Public | KG - 6

Middle Schools 13

5

Cooper Middle School

Public | 6 - 8
3

Tenaya Middle School

Public | 7 - 8
1

Phoenix Secondary School

Public | 7 - 12
1

Fort Miller Middle School

Public | 7 - 8
1

Tehipite Middle School

Public | 6 - 8
1

Tioga Middle School

Public | 7 - 8
0

Pathway Community Day

Public | 7 - 12
0

Dunamis

Private | 6 - 12
0

Wawona Middle School

Public | 6 - 8
0

Opportunities for Learning - Fresno

Public | 7 - 12
0

Dewolf Continuation High School

Public | 7 - 12
0

Fresno County Community Day

Public | 7 - 12
0

Carter G. Woodson Public Charter

Public | 7 - 12

High Schools 7

9

Design Science Early College High School

Public | 9 - 12
4

Bullard High School

Public | 9 - 12
4

Fresno High School

Public | 9 - 12
2

Hoover High School

Public | 9 - 12
0

Pershing Continuation High School

Public | 9 - 12
0

School of Unlimited Learning

Public | 9 - 12
0

San Joaquin Memorial High School

Private | 9 - 12

School and business data provided by Attom Data.

Mario Rivera

Broker Associate

+1(559) 549-4093

Mario Rivera

3109 N Thorne AVE Fresno, CA 93704

Key Details

Location

Interior

Exterior

Building

Schools

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3109 N Thorne AVE