422 North Glenn Avenue

Fresno, CA 93701

$960,000
Price
8
Beds
8
Baths
5,170 Sq. Ft.
$186 / Sq. Ft.
5,170
Sq. Ft.
$186
per Sq. Ft.

Description

Introducing a prime investment opportunity in the heart of Fresno - an eight-unit apartment complex that seamlessly combines modern amenities with strategic location. Nestled on a sprawling lot exceeding 10,000 square feet, this property boasts three buildings, six garages, and shared backyards for an added appeal. Each of the one-bedroom, one-bathroom units within this complex is equipped with inside laundry hook-ups and dual-pane windows, ensuring convenience and energy efficiency for tenants....Introducing a prime investment opportunity in the heart of Fresno - an eight-unit apartment complex that seamlessly combines modern amenities with strategic location. Nestled on a sprawling lot exceeding 10,000 square feet, this property boasts three buildings, six garages, and shared backyards for an added appeal. Each of the one-bedroom, one-bathroom units within this complex is equipped with inside laundry hook-ups and dual-pane windows, ensuring convenience and energy efficiency for tenants. The thoughtful upgrades extend to the entire complex, with a full remodel in 2020 and re-roofing of two buildings in 2019. A number of units also feature brand new water heaters, minimizing maintenance concerns. Strategically positioned near downtown Fresno and the vibrant Tower district, residents enjoy easy access to an array of stores, restaurants, and cultural events. The location not only enhances the property's desirability but also contributes to a steady stream of potential tenants. For savvy investors, the enticing capitalization rate hovers just below 5%, with the potential for further growth by adjusting rental rates. With meticulous renovations, contemporary features, and an optimal location, this eight-unit apartment complex presents a rare opportunity to capitalize on Fresno's dynamic real estate market. Don't miss your chance to secure a promising investment with both immediate returns and future appreciation potential.
  1. Listed by Douglas Dart • DRE #01327834 • Dart Realty

Property Details for 422 North Glenn Avenue

Garage Spaces
6
Garage Type
Attached
Cross Street Address
E Belmont Ave

Location

Listing Courtesy of Dart Realty
Add your commute
LISTING UPDATED: 03/05/2024 07:20 AM

Property Details for 422 North Glenn Avenue

StatusActive
MLS #607427
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5 to 15 Units
Year Built1951
Lot Size0.24 AC / 10,570 SF
CountyFresno County

Location

Listing Courtesy of Dart Realty
Add your commute

Building Information for 422 North Glenn Avenue

Stories-Residences8Year Built1951Building Size-Lot Size0.24 AC / 10,570 SF

Payment Calculator

$5,958 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,239

Property Taxes

$719

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 422 North Glenn Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: From southbound freeway 180, take the Blackstone exit and head towards downtown. Just past the underpass, turn right on E Belmont Ave. then left on N Glenn Ave. The property is halfway down the block on the left.
  • Census Tract: .00
School Information
  • Schools Comment: Buyer to Verify Schools
  • School Name 1: Roosevelt
  • School Name 2: Tehipite
  • School Name 3: Anthony
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 45906218
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Documents Available: Profit & Loss
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 3
  • Stories: One
Utilities
  • Gas & Electric: Public Utilities, Natural Gas
  • Sewer/Water: Public Water, Public Sewer
  • Special Features: Security Gate
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Composition
  • Yard: Fenced
Interior Features
  • Heat/Cool: Evaporative, Floor or Wall Heat
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
Multi Family
Income & Expenses Information
  • Annual Expense: $39,868.00
  • Annual Income: $90,960.00
  • Expenses Include: Management, Gardener, Maintenance/Repair, Insurance, Accounting/Legal, License/Ads, Gas, Electric, Water, Sewer, Taxes
  • Income Includes: Unit Rent
  • Net Income: $51,092.00
  • Total Units: 8
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $975.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,000.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,100.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $880.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $925.00
Unit 6 Information
  • Unit Number: 5
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $925.00
Unit 7 Information
  • Unit Number: 6
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $850.00
Unit 8 Information
  • Unit Number: 7
  • Unit Description: 1 Bedroom
  • Square Feet: 646
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $925.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Cable TV
  • Lease Type: Net

Property History for 422 North Glenn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 422 North Glenn Avenue

Taxable ValueLand$39,535Additions$626,320Total$665,855
Tax Record2023$8,628 ($719 / month)
Home Facts
Total Finished SqFt5,170 SqFtAbove Grade Finished SqFt5,170 SqFtStories2Lot Size10,570 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningRS5CountyFRESNOAPN459-062-18Fireplace TypeHas Fireplace

Schools near 422 North Glenn Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Susan B. Anthony Elementary School
PublicK to 6

Tehipite Middle School
Public7 to 8

Roosevelt High School
Public9 to 12

J. E. Young Academic Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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422 North Glenn Avenue is a multi-family home for sale in Fresno, CA 93701. This property was listed for sale on January 30, 2024 by Dart Realty, it's currently listed at $960,000. It has been on the market for a total of 89 days and was last sold on September 29, 2020. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Susan B. Anthony Elementary School, Tehipite Middle School and Roosevelt High School. 422 North Glenn Avenue is a 8-bed, 8-bath, 5,170 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dart Realty

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.