Desirable Investment Opportunity in North Fresno. This 6-unit apartment complex, located in the northern end of Fresno, near HWY 41, presents a prime investment opportunity. Each unit offers a spacious 3-bedroom, 1-bathroom layout with a living room and kitchen combo, complete with centralized HVAC heating and cooling systems. All units are currently rented, with rent rolls near market rates, ensuring positive income from day one. The new roof was upgraded in 2022. The complex also features 10 parking spaces and plenty of on-street parking, which adds convenience for tenants. Additional income streams come from the on-site utility room's leased washer and dryer units. Surrounded by other rental properties and close to a nearby community park, the property is ideally situated for renters. The proximity to shopping centers adds to its appeal, making it a sought-after location. Professionally managed, this complex is well-maintained and ready to continue generating steady returns. Financials: Income and expenses are available upon request.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Exterior and Lot Features
Land Info
- Lot Dimensions Source: SqFt
- Lot Size Acres: 0.2185491
- Lot Size Square Feet: 9520
Garage and Parking
- Garage Description: Carport, Covered, Uncovered, One Space per Unit, More than One Space
- Parking Features: Carport, Covered, Uncovered, One Space per Unit, More than One Space
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 6
Rental Info
- Income Includes: Lease
- Tenant Pays: Electricity
Other Property Info
- City Region: Fresno
- Source Listing Status: Active
- County: Fresno
- Cross Street: N. Blackstone Avenue
- Source Property Type: Multi Family
- Area: 726
- Property Subtype: condo
- Source Neighborhood: 726
- Parcel Number: 43618313
- Postal Code Plus 4: 4817
- State Region: Urban
- Property Subtype: 5 to 15 Units
- Source System Name: C2C
Commercial Info
- Operating Expense Includes: Management, Insurance, Electric, Water, Taxes
Building and Construction
- Total Square Feet Living: 5038
- Year Built: 1988
- Building Exterior Type: Stucco, Wood
- Levels: Two
- Property Age: 36
- Roof: Composition
- Levels or Stories: 2
Utilities
- Gas: Public Utilities
- Sewer: Public Water, Public Sewer
- Washer/Dryer (s)