2118 Glenn Ave, Fresno, CA 93704

5 Unit Apartment Building | $650,000 ($130,000/Unit) | 4.84% Cap Rate | Fresno, CA 93704

Asking Price $650,000

Property Type: Multifamily
Square Feet: 3,900 SF

Listing Contacts

Jared Ennis

Verified Profile

Kevin Land

Verified Profile

Property Info

Property Overview

100% occupied 6 Unit Multi-Family Apartment complex on ±0.17 Acres of land. Property consists of one two story building with (5) separately-metered units that totals ±3,900 SF. All (5) units include 2 Bed/1 Bath (±760 SF), private entrances, separately metered for gas/electricity, and has access to on-site laundry. Each lease term is 1-year and is month to month, noting tenants to pay their own utility & hot water, separate gas & electric meter. With Fresno City College less than a mile away, this property offers a prime opportunity to attract college students as tenants, ensuring a steady stream of potential renters.

Property Details

Class: C
Year Built/Renovated: 1966/2021
Stories: 2
Property Subtype: Dormitory
Lot Size (sq. ft): 7,405 SF
Units: 5

Highlights

Value Add 5 Unit Complex w/ Separate Meters
Upside Potential: 8.72% CAP Rate & $92K In Rents
100% Occupied | Rent Ready | (5) 2 Bed/1 Bath
Private Parking On Site | On Site Laundry | Corner Location
Easy Access On and Off HWY CA-41
Additional Side Parking and Plenty of Street Parking

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