Skip To Content

422 N Glenn Avenue

Fresno, CA 93701
  • $960,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: 607427
$960,000
  • 8
    BEDS
  • 0.24
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,170
    SQFT
  • $186
    $/SQFT
Neighborhood:
701
Type:
Multi-Family
Built:
1951
County:
Area:
701

School Information

Elementary School:
Middle School:
High School:
School District:

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.

Monthly Payment Calculator



© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-04-17T11:14:15.43.
www.yourfresnorealty.com/homes/147085801
Print Image

422 N Glenn Avenue Fresno, CA 93701

  • Price: $960,000
  • Status: Active
  • On Site: 77 Days
  • ID#: 607427
8
Beds
8
Baths
0
½ Baths
0.24
Acres
5,170
SQFT
$186
$/SQFT
1951
Built
Neighborhood:
701
County:
Fresno
Area:
701
Elementary School:
Anthony
Middle School:
Tehipite
High School:
Roosevelt
School District:
Fresno Unified
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.
Exterior Features

Exterior Stucco Region Urban Roofing Composition Yard Fenced

Interior Features

Fireplace None Floor Concrete Perimeter Heating And Cooling EvaporativeFloor or Wall Heat Refrigerator All Units Stories One Stove All units

Property Features

Annual Expense 39868.00 Annual Income 90960.00 Cross Street Address E Belmont Ave Disclosures Easements Documents Available Profit & Loss Expenses Include ManagementGardenerMaintenance/RepairInsuranceAccounting/LegalLicense/AdsGasElectricWaterSewerTaxes Gas And Electric Public UtilitiesNatural Gas Income Includes Unit Rent Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Net Income 51092.00 Property Subtype1 5 to 15 Units Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Special Features Security Gate Square Footage Source Tax Records Tenant Pays ElectricityGasCable TV Terms ConventionalCash Transaction Type Sale

Listing provided courtesy of Douglas Dart of Dart Realty: Douglas@goDARTrealty.com;559-442-4141.


© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-04-17T11:14:15.43.
 
https://bt-photos.global.ssl.fastly.net/fresno/1280_boomver_1_607427-2.jpg https://bt-photos.global.ssl.fastly.net/fresno/1280_boomver_1_607427-2.jpg https://bt-photos.global.ssl.fastly.net/fresno/1280_boomver_1_607427-2.jpg
Logo
Your Fresno Realty | REAL Broker
53 Amber Ave
Clovis CA, 93611