965 N College Ave, Fresno, CA 93728-3517

Come check out this professionally managed 4-unit investment property in this historic Tower District neighborhood! This turn-key property has long term tenants, owned by the same family for 50 years and has maintained a 99% vacancy rate. This property has four 1/1 units with central heat and air. This investment maintains a solid cap rate with year over year profits. After all expenses and adjustments for the new property taxes, you will still maintain 5+% cap rate with room for value adds. Property has been professionally managed for many years and the exterior has been well taken care of. BONUS!! Coin operated laundry on-site. (not calculated in cap rate). Seller has an additional 4-unit (cottage style) property for sale next door and would prefer they are both sold to the same buyer, but not required. Please see the additional 4-plex for sale at MLS #516477. All deposits on hold will transfer to new owner. Perfect turn-key addition to your growing property portfolio.