See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$695,000
Est. payment /mo
5 Beds
5 Baths
2,862 SqFt
UPDATED:
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 $242
MLS Listing ID 636345
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1964
Lot Size 7,601 Sqft
Property Sub-Type Multi Family
Property Description
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 of just 2.9%, tying for the 6thlowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). 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 RegionalMedical Center is walking distance. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.
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
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 1
Foundation Concrete Perimeter
Sewer On, Public Sewer
Water Public
Schools
High Schools Fresno Unified
Read Less Info
Listed by Synergize Realty