Description
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 Theatre, a 1939 Art Deco masterpiece and national historic landmarkdesigned 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. Has to potential to bring in a substantial amount of passive income for it's owner. 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 a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging.
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4BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
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5,210SQFT
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$110$/SQFT
School Ratings & Info
Description
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 Theatre, a 1939 Art Deco masterpiece and national historic landmarkdesigned 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. Has to potential to bring in a substantial amount of passive income for it's owner. 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 a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging.
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