2118 2130 N Glenn Avenue Fresno, CA 93704
Listing Courtesy of: Fresno Association of Realtors / Century 21 Jordan-Link & Company / Tim Niehoff

  2118 2130 N Glenn Avenue Fresno, CA 93704

Pending (74 Days)
$595,000
10
BED
5
BATH
3,900
SQFT

Description

100% occupied 5 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 now month to month, requiring tenants to pay their own utility & hot water, separate gas & electric meter. With Fresno City College across the street, this property offers a prime opportunity to attract college students as tenants, ensuring a steady stream of potential renters.The value-add opportunity consists of addressing the under-market rent of the (5) tenants, extending lease length over the next 6-12 months. Value-add opportunity with actual rents of $59,400/year collected plus upside potential. After remodeling the units and addressing the slightly under-market rents, the realistic stabilized gross annual income is $91,800. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units. Once stabilized, the deal offers a 8.72% CAP rate.

MLS #:
618976
Lot Size
7,425 SQFT
Type
Multifamily
Year Built
1966
County
Fresno County

Listed By

Tim Niehoff, DRE #02158053 CA, Century 21 Jordan-Link & Company
Source
Fresno Association of Realtors
Last checked Dec 23 2024 at 3:33 AM GMT+0000
Bathroom Details
Lot Information
  • Corner
Property Features
  • Sprinkler - Front
  • Fireplace: No
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Central Heat/Cool
Exterior Features
  • Stucco
  • Roof: Composition
Utility Information
  • Utilities: Cable Tv, Gas, Electricity
  • Sewer: Public Sewer, Public Water
Garage
  • 0
Parking
  • Carport
Stories
  • 2 Stories
Living Area
  • 3,900 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 15, 2024
Price Changed
$595,000
-8%
-55,000
Sep 24, 2024
Original Price
$650,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Jordan-Link and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from the Fresno Association of Realtors, as of 12/22/24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.