Great investment in desirable Tower District. New commercial leases month to month with increased rents. Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Théâtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywood’s most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Owner can bring in a substantial amount of passive income with this property. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with
MLS #
CRMD22178353
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.25
Appliances
Other
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
1625 E Olive Ave is a Residential Income in Fresno, CA 93728. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1929.
This address can also be written as 1625 E Olive Ave, Fresno, CA 93728.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 05, 2022. For the most current information, please contact Tracee Chiodo, (559) 536-0423