tomo logo

$399,950

Beds
4
Baths
2.5
sq ft
1,735

1125 W Michigan Ave, Fresno, CA 93705

1125 W Michigan Ave

Fresno, CA 93705

  • 17 days on market
Attention Investors! This unique property offers a fantastic opportunity to expand your portfolio. Featuring 4 bedrooms, this home has been enhanced with a converted garage into a studio apartment complete with a kitchenette, bringing the total to a functional 5-bedroom layout. Please note this studio conversion is not reflected in tax records, adding potential for increased value. With an additional bathroom, the property now boasts approximately 3.25 bathrooms, making it even more appealing to tenants. The current tenants have been served their sixty-day notice, allowing you to submit offers prior to viewing. Don't miss out on this exceptional investment opportunity! (Bedroom and Bathroom count differs from tax records/BTV if important)

Details

Property type

Single Family Residence

Est. home value

$381,565

Lot size

8,555 sq ft

Price per sq ft

$231

Year built

2005

Price History

02/05/2025
FresnoMLS

FresnoMLS #624959

Listed
$399,950
+6.65%
07/13/2022
FresnoMLS

FresnoMLS #578967

Sold
$375,000

Schools & Community

Neighborhood: 

Fresno High Roeding

Elementary school: 

Homan

Middle school: 

Fort Miller

High school: 

Fresno

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$115,736
Asking price
$399,950
Closing costs (~8% of asking)
-$31,996
Est. remaining loan balance
-$252,218
Cash to seller
$115,736

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

June 2022

Original loan amount

$262,500

Est. remaining balance

$252,218

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Tuan Huynh Nguyen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/21/2025 at 9:50 PM

Listing updated: 02/06/2025 at 10:12 AM

Listed by: Sherri Eppler-DuBeau, Realty Concepts, Ltd. - Fresno

MLS: FresnoMLS #624959

FresnoMLS logo

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