$1,425,000

3304 N Howard Ave, Fresno, CA 93726

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3 bd · 2.0 ba · 1,591 sqft · $896/sqft · 0.15 acres

Residential Income · Multi Family · Built 1953 · 32 days on Properkey

Description

I am pleased to present a unique investment opportunity featuring a portfolio of 5 single-family homes with separate APN numbers for sale.Portfolio Highlights: - Property Mix: Includes one 3 bed/2 bath home, three 4 bed/2 bath homes, and one 5 bed/2 bath home. - Occupancy: A combination of 3 long-term occupied homes (tenants residing 8-15 years on month-to-month leases) and 2 recently vacant homes. - Upside Potential: Current rents are below market value and due for an increase. A fully occupied proforma yields a projected 6.70% cap rate. - Tenant Responsibilities: Residents cover PG&E, trash, sewer, water, and personal expenses.The seller also owns similar occupied investment properties and is open to further discussion. Please inquire if you are interested in expanding your portfolio.Proforma and a complete list of expenses will be provided upon acceptance of an offer. Please do not disturb the tenants, and submit all offers subject to inspection.

Agent & source

Listed by
Paul Gestic
Brokerage
Fresno Income Properties
DRE
#01376488
MLS # 654927 Source FRESNO

Property details

Rooms & Layout

Levels
One
Bedrooms
3
Bathrooms
2.0 (2 full)

Property Features

Lot features
Urban
Community
Utility Room

Building & Construction

Construction Materials
Stucco
Roof
Composition
Foundation
Concrete Perimeter

Exterior & Parking

Parking
1-car garage, Open parking, Garage, Open, More than One Space

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool
Fireplace
One Unit

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
On
Public Utilities, Natural Gas Connected

Nearby

Active Pending Closed Rental
High
Fresno Unified District

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Step 1 of 4

Here's what to expect:

  1. 1.Share your offer details. Tell us about your desired offer — it's just a starting point, nothing is final!
  2. 2.Get expert guidance. A Properkey agent will reach out to discuss a game plan.
  3. 3.Finalize your offer. Your agent will prepare your offer and negotiate on your behalf.
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