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$ 569,000
Est. payment | /mo
5 Beds
5 Baths
2,862 SqFt
$ 569,000
Est. payment | /mo
5 Beds
5 Baths
2,862 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,862 sqft
Price per Sqft $198
MLS Listing ID 655620
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1964
Lot Size 7,601 Sqft
Property Sub-Type Multi Family
Property Description
100% Fully Occupied 5-Unit Apartment Complex in Fresno's Historic Lowell neighborhood and thriving rental market. This property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. Updated units with laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate, tying for the 6th lowest in the U.S. (Forbes, 2024). This property is located near the intersection of Highways 99 and 180 near Downtown Fresno. Diverse shopping centers within 1.5 miles, including international grocers and small markets on East Olive Avenue. The Community Regional Medical Center is walking distance.
Location
State CA
County Fresno
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Appliance Refrigerator: All Units, Disposal: All units, Stove: All units
Exterior
Parking Features Carport, Covered, One Space per Unit
Garage Spaces 5.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by Synergize Realty
NEARBY SCHOOL & BUSINESS