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$ 700,000
Est. payment | /mo
10 Beds
5 Baths
4,260 SqFt
$ 700,000
Est. payment | /mo
10 Beds
5 Baths
4,260 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,260 sqft
Price per Sqft $164
MLS Listing ID 651534
Bedrooms 10
Full Baths 5
HOA Y/N No
Year Built 1966
Lot Size 7,601 Sqft
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity! Well-maintained five-unit apartment building featuring five spacious 2-bedroom, 1-bath units. All units are currently occupied with annual leases in place, providing stable rental income with approximately 11 months remaining on each lease.Current monthly rental income totals $6,932, offering strong cash flow potential. The property has been well cared for, with nicely updated interiors throughout all units. Average monthly utility expenses include approximately $190 for water and $195 for trash.Conveniently located less than one mile from Highway 180 with easy access to shopping, restaurants, schools, and other amenities. This income-producing property is attractively priced and offers an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.At the asking price of $700,000, the property offers an estimated 9.2% cap rate based on current income and operating expenses. Don't miss this opportunity to add a solid performing asset to your investment portfolio
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Other
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter, Wood Subfloor
Water Public
Schools
High Schools Fresno Unified
Listed by HomeSmart PV and Associates
NEARBY SCHOOL & BUSINESS