CA > Fresno
Fresno, CA 93704,2118 N Glenn Avenue
Fresno, CA 93704,2118 N Glenn Avenue
Fresno, CA 93704,2118 N Glenn Avenue
Fresno, CA 93704,2118 N Glenn Avenue
Fresno, CA 93704,2118 N Glenn Avenue
Fresno, CA 93704,2118 N Glenn Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Victoria Butler

Victoria Butler

+1(559) 824-5138
$ 595,000
Est. payment | /mo

10 Beds

5 Baths

3,900 SqFt

Save
$ 595,000
Est. payment | /mo
Save

10 Beds

5 Baths

3,900 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 to 15 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $152

MLS Listing ID 618976

Bedrooms 10

Year Built 1966

Lot Size 7,426 Sqft

Property Description

100% occupied 5 Unit Multi-Family Apartment complex on 0.17 Acres of land. Property consists of one two story building with (5) separately-metered units that totals 3,900 SF. All (5) units include 2 Bed/1 Bath (760 SF), private entrances, separately metered for gas/electricity, and has access to on-site laundry. Each lease term is 1-year and is now month to month, requiring tenants to pay their own utility & hot water, separate gas & electric meter. With Fresno City College across the street, this property offers a prime opportunity to attract college students as tenants, ensuring a steady stream of potential renters.The value-add opportunity consists of addressing the under-market rent of the (5) tenants, extending lease length over the next 6-12 months. Value-add opportunity with actual rents of $59,400/year collected plus upside potential. After remodeling the units and addressing the slightly under-market rents, the realistic stabilized gross annual income is $91,800. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units. Once stabilized, the deal offers a 8.72% CAP rate.

Location

State CA

County Fresno

Area 704

Interior

Heating Central Heat/Cool

Cooling Central Heat/Cool

Flooring Concrete Perimeter

Fireplaces Type None

Exterior

Exterior Feature Stucco

Garage Carport

Roof Type Composition

Building

Story Two

Sewer Public Water, Public Sewer

Water Public Water, Public Sewer

Schools

Elementary Schools Heaton

Middle Schools Fort Miller

High Schools Fresno

School District Fresno Unified

Others

Acceptable Financing Conventional, Cash, Submit

Listing Terms Conventional, Cash, Submit

Fresno MLS (Fresno)
Listed by Timothy Niehoff • Century 21 Jordan-Link & Compa
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 824-5138

victoria@vmbhomes.com

7475 N Palm Ave Ste.105, Fresno, Ca, 93711, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

2118 N Glenn Avenue