18
0
422 Glenn Avenue N
Fresno, CA 93701
Residential Multi Family (Other)
0.24 Acres
5170 Sqft Living Area
8 Bedrooms
8 Bathrooms (8 Full, 0 Half)
Year Built: 1951
$960,000
Favorites
Property Description
Introducing a prime investment opportunity in the heart of Fresno - an eight-unit apartment complex that seamlessly combines modern amenities with strategic location. Nestled on a sprawling lot exceeding 10,000 square feet, this property boasts three buildings, six garages, and shared backyards for an added appeal. Each of the one-bedroom, one-bathroom units within this complex is equipped with inside laundry hook-ups and dual-pane windows, ensuring convenience and energy efficiency for tenants. The thoughtful upgrades extend to the entire complex, with a full remodel in 2020 and re-roofing of two buildings in 2019. A number of units also feature brand new water heaters, minimizing maintenance concerns. Strategically positioned near downtown Fresno and the vibrant Tower district, residents enjoy easy access to an array of stores, restaurants, and cultural events. The location not only enhances the property's desirability but also contributes to a steady stream of potential tenants. For savvy investors, the enticing capitalization rate hovers just below 5%, with the potential for further growth by adjusting rental rates. With meticulous renovations, contemporary features, and an optimal location, this eight-unit apartment complex presents a rare opportunity to capitalize on Fresno's dynamic real estate market. Don't miss your chance to secure a promising investment with both immediate returns and future appreciation potential.
Join The Conversation
Comments
Contact Details
Name: Douglas Dart
Email: Douglas@goDartrealty.com
MLS Listing Id: 607427
Agent Phone: (960) 591-5
List Agent License:
Office Name: Dart Realty
Office Phone: (559) 442-4141
Office MLS Id: 2379
Listing Status: Active
Copyright © 2024 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
