tomo logo

$210,000

Beds
2
Baths
1.0
sq ft
816

1835 E Hammond Ave, Fresno, CA 93703

1835 E Hammond Ave

Fresno, CA 93703

  • 4 days on market
Hassle-Free Investment Opportunity - Immediate Rental IncomeThis turnkey rental property offers a long-term tenant, steady cash flow, and minimal maintenance, making it an excellent buy-and-hold investment. The tenant has been in place for an extended period, paying $1,500 per month, ensuring consistent income with no vacancy concerns.PLEASE DO NOT DISTURB THE TENANT. All Offers are subject to inspeciton. All inquiries must go through the listing agent. Showings will only be scheduled with an executed contract to respect tenant privacy.Investment Highlights:Long-term tenant with a reliable payment historyCurrent Rent: $1,500/month, providing immediate incomeCap Rate: ~5.5% in a strong rental marketFully occupied, reducing vacancy risk at closingPriced below market value for built-in equityLow operating costs, high-yield assetSold As-Is - No Repairs or Seller CreditsProperty Features:Low-maintenance, ideal for passive incomeTenant responsible for rent & utilitiesLocated in a high-demand rental marketPricing & Terms:Serious Investors Only - Proof of Funds RequiredCash, Private Hard Money or Conventional-No FHA/VA Tenant Lease Transfers with SaleFor more details or to submit an offer, contact today.

Details

Property type

Single Family Residence

Est. home value

$198,170

Lot size

5,092 sq ft

Price per sq ft

$258

Year built

1916

Price History

03/27/2025
FresnoMLS

FresnoMLS #626788

Listed
$210,000
+90.91%
01/08/2021
FresnoMLS

FresnoMLS #548620

Sold
$110,000

Schools & Community

Neighborhood: 

Fresno High Roeding

Elementary school: 

Anthony

Middle school: 

Tehipite

High school: 

Roosevelt

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

$113,576
Asking price
$210,000
Closing costs (~8% of asking)
-$16,800
Est. remaining loan balance
-$79,624
Cash to seller
$113,576

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

Seller’s Loan History

Lender

Mid Valley Services Inc

Loan start date

January 2021

Original loan amount

$88,000

Est. remaining balance

$79,624

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Upkar Singh and Harpreet K Sangha

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?

Status: Active

Tomo last checked: 03/31/2025 at 3:00 PM

Listing updated: 03/27/2025 at 8:21 PM

Listed by: Harpreet K. Sangha, HomeSmart PV and Associates

MLS: FresnoMLS #626788

FresnoMLS logo

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