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💰 Fresno Investment Opportunity – Two Homes on One Lot 💰

6 Beds / 3 Baths • 1,232 SqFt

Sold

Offer Submission Deadline

House Type 2-4 Unit
Bedrooms 6
Bathrooms 3
Year Built 1965
Approx.SqFt. 1232
Lot size SqFt. 16200
Garage Detached Garage

Description

📍 Property Highlights: 724 W Valencia Ave, Fresno, CA 93706

House 1 (Left Side): 3 bed / 1 bath with a 2-car garage. Tenant in place, M2M lease. Tenant has been very cooperative and friendly.
House 2 (Right Side): 3 bed / 2 bath with a 1-car garage. Newer build with updated electrical and HVAC. Currently vacant – easy to show. Seller is repairing a broken main water line before close of escrow.

Simple remodel needed on the vacant unit to get it rent-ready.
Opportunity to vacate and renovate the tenant-occupied unit for added rental income.
Lot split potential: Upon separation, estimated values are approx. $310k for the 3/2 and $275k for the 3/1.
Combined potential value: ~$585k.
Spread opportunity: ~$100k+ after improvements and rents.

This property offers both immediate rental income and a clear path to future equity. Perfect for buy-and-hold investors, value-add players, or those looking to maximize returns through a lot split.