3368 W Shields Avenue

Fresno, CA 93722

Buyers and Agents please see attached Fire Report---2 Units are damaged due to fire---Great Investment property property--Once the building will be repaired --Lots of potential--All 4 units are vacant. 2 units are 3 bed/2.5 baths, other 2 units are 2 bed/2.5 baths******** Fresno Housing Authority Maximum rent for 3 beds is $2300 and for 2 beds is $1500. ( Buyers and agents must verify these amounts) As such the maximum potential rent may be $7600. Currently a similar 3 bed in the complex is approved at $1711 and 2 bed is approved at $1411 by Fresno Housing Authority. At present some buildings gross rent is $6244--See attached documents.---Have your contractor fix the building and make passive income. Due to the condition of the building, only Hard Money loan or Cash offer will work. Every unit has 1 car garage, washer dryer hookups. Small yard with every unit. Community pool, Gated community for security. HOA dues are $ 1150 pm for the whole building. HOA pays for water, sewer, garbage, security, upkeep of the power gates, Gardner, roof, the exterior of the building) and pool, the exterior insurance, trash pickup from grounds, landscaping, street lights in the complex, and main sewer lines in the complex. HOA dues are very reasonable. The HOA is paying for roof and exterior fix. Contact HOA, Please come yourself or with your contractor in Open House. on 5/3/23 11.55 AM-2 PM5/4/23 11.55 AM-2PMAll best and final offers will be due on 5/5/23 by 2pm

This is an Pending listing.

Broker Office Phone Number: 559-322-6020

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