304 N Channing, Fresno, California 93706, Fresno, 93706 - 3 bed, 1 bath
ACTIVE$180,000
304 N Channing, Fresno, California 93706
3Beds
1Bath
915Sqft
6,480Lot
Price Vs. Estimate
The estimated value ($185,526.435) is $5,526.435 (3%) higher than the list price ($180,000). This property may be underpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as an 'Investor special,' indicating a property ripe for value-add strategies and potential for high returns.
Top Cons:
Limited Bathroom Count: The home features only one bathroom for three bedrooms, which can be a significant drawback for families or multiple occupants and may require an upgrade.
Compared to the nearby listings
Price:$180.0K vs avg $355.0K ($-175,000)9%
Size:915 sqft vs avg 1,272 sqft36%
Price/sqft:$197 vs avg $2799%
More Insights
Built in 1978 (47 years old).
Condition: Built in 1978, this property is 46 years old and shows significant signs of deferred maintenance and outdated features. The kitchen has very old tile countertops, worn cabinets, and basic appliances, requiring a full renovation. The single bathroom (not pictured, but implied by the overall condition and 'limited bathroom count' weakness) is likely in similar dated condition. The exterior is unkempt, and the 'covered patio' is an unfinished space. The property is explicitly marketed as an 'investor special,' indicating it requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1978
Close
-
List price
$180K
Original List price
$180K
Price/Sqft
$197
HOA
-
Days on market
-
Sold On
-
MLS number
IV25254484
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Investor special! 3-bedroom 1-bathroom home with additional covered patio and fireplace. Home sits on an oversized lot, offering the potential to build additional rental units. Property is conveniently located near freeway, Fresno Chaffee Zoo, and many shops/restaurants.
Condition Rating
Poor
Built in 1978, this property is 46 years old and shows significant signs of deferred maintenance and outdated features. The kitchen has very old tile countertops, worn cabinets, and basic appliances, requiring a full renovation. The single bathroom (not pictured, but implied by the overall condition and 'limited bathroom count' weakness) is likely in similar dated condition. The exterior is unkempt, and the 'covered patio' is an unfinished space. The property is explicitly marketed as an 'investor special,' indicating it requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as an 'Investor special,' indicating a property ripe for value-add strategies and potential for high returns.
Oversized Lot: The property sits on a generous 6,480 sqft lot, providing ample space for expansion or additional development.
Development Opportunity: The oversized lot offers significant potential to build additional rental units, a key advantage for increasing income streams and property value.
Strategic Location: Conveniently located near the freeway, Fresno Chaffee Zoo, and various shops/restaurants, enhancing its appeal for tenants and future resale.
Accessible Price Point: Listed at $180,000, this property offers an affordable entry point for investors looking to capitalize on its development potential.
Cons
Limited Bathroom Count: The home features only one bathroom for three bedrooms, which can be a significant drawback for families or multiple occupants and may require an upgrade.
Compact Interior Space: With 915 sqft of living space for a 3-bedroom layout, the home is relatively small, potentially limiting its appeal to certain buyer demographics.
Property Age: Built in 1978, the property is over 45 years old, suggesting potential for outdated systems, finishes, and the need for substantial renovation to meet modern standards.