$700,000

382 N Glenn Ave, Fresno, CA 93701

Get pre-approved

10 bd · 5.0 ba · 4,260 sqft · $164/sqft · 0.17 acres

Residential Income · Multi Family · Built 1966 · 103 days on Properkey

Description

Total rents are $7012Unit A - $1400Unit B - $1400Unit C - $1462Unit D - $1400Unit E - $1350Excellent 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 $7012, 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

Agent & source

Listed by
Puneet Bhargava
Brokerage
HomeSmart PV and Associates
DRE
#01859500
MLS # 651534 Source FRESNO

Property details

Rooms & Layout

Levels
Two
Bedrooms
10
Bathrooms
5.0 (5 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco, Brick
Roof
Other
Foundation
Concrete Perimeter, Wood Subfloor

Exterior & Parking

Parking
Carport, Carport

Interior & Comfort

Heating
Floor or Wall Heat
Cooling
Wall/Window Unit(s)

Utilities

Water Source
Public
Electric
On
Public Utilities

Nearby

Active Pending Closed Rental
High
Fresno Unified District

Schedule a tour

Book an in-person visit

Takes about a minute

Pick a day

Preferred time

Your name and email come from the account you sign in with or create.

Prefer to talk? Call us
(888) 854-8588

Make an Offer

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.
Schedule a tour