422 North Glenn Avenue
422 North Glenn Avenue
$960,000
8
8
5,170
5,170
$186
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.
- Listed by Douglas Dart • DRE #01327834 • Dart Realty
Property Details for 422 North Glenn Avenue
Garage Spaces
6
Garage TypeAttached
Cross Street AddressE Belmont Ave
Location
LISTING UPDATED: 03/05/2024 07:20 AM
Property Details for 422 North Glenn Avenue
Status | Active |
---|---|
MLS # | 607427 |
Days on Market | 89 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 5 to 15 Units |
Year Built | 1951 |
Lot Size | 0.24 AC / 10,570 SF |
County | Fresno County |
Location
Building Information for 422 North Glenn Avenue
Stories-Residences8Year Built1951Building Size-Lot Size0.24 AC / 10,570 SF
Payment Calculator
$5,958 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 422 North Glenn Avenue
Property History for 422 North Glenn Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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