See all 7 photos
7 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
Listed by SUMANJEET SINGH • Homesmart PV & Associates
$860,000
Est. payment /mo
4,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $191
MLS Listing ID FR-26198688
Year Built 1970
Lot Size 6,250 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional opportunity to acquire a well-maintained 5-unit multifamily property in a desirable Fresno location. Each unit offers a spacious 3-bedroom, 1-bath layout with approximately 900 square feet, totaling 4,500 square feet of rentable spaceideal for attracting long-term tenants.
The property has been recently remodeled and painted within the past three years, providing a low-maintenance, turnkey investment. All units are Section 8 friendly and currently leased through the Housing Authority, offering reliable, consistent rental income and reduced vacancy risk.
Current gross rents total $8,648/month, with upside potential to $9,375/month based on existing rent caps. Annual gross income exceeds $103,000 with the potential to reach over $112,000and even higher as voucher limits continue to rise.
Operating expenses are efficient, resulting in a strong Net Operating Income of approximately $72,996, with potential to increase to $81,720. Investors will benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300/month. All five A rents are due to be increased in next 7 dash 8 months/ assuming rents will be increased by 7% The new rents will be$9061
Ideally located near Highway 180, shopping centers, schools, and dining, the property sits within a clean, well-maintained complex in a high-demand rental area.
Highlights:
Five 3 bed / 1 bath units (~900 SF each)
Recently remodeled interiors and exterior updates
Section 8 tenant base
Strong in-place income with rental upside
Low-maintenance investment
Excellent access to major corridors and amenities
Perfect for investors seeking income-producing asset with built-in growth potential in a steadily appreciating market.
The property has been recently remodeled and painted within the past three years, providing a low-maintenance, turnkey investment. All units are Section 8 friendly and currently leased through the Housing Authority, offering reliable, consistent rental income and reduced vacancy risk.
Current gross rents total $8,648/month, with upside potential to $9,375/month based on existing rent caps. Annual gross income exceeds $103,000 with the potential to reach over $112,000and even higher as voucher limits continue to rise.
Operating expenses are efficient, resulting in a strong Net Operating Income of approximately $72,996, with potential to increase to $81,720. Investors will benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300/month. All five A rents are due to be increased in next 7 dash 8 months/ assuming rents will be increased by 7% The new rents will be$9061
Ideally located near Highway 180, shopping centers, schools, and dining, the property sits within a clean, well-maintained complex in a high-demand rental area.
Highlights:
Five 3 bed / 1 bath units (~900 SF each)
Recently remodeled interiors and exterior updates
Section 8 tenant base
Strong in-place income with rental upside
Low-maintenance investment
Excellent access to major corridors and amenities
Perfect for investors seeking income-producing asset with built-in growth potential in a steadily appreciating market.
Location
State CA
County Fresno
Interior
Laundry Common Area
Exterior
Pool None
Community Features Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Read Less Info
Nearby Locations
GET MORE INFORMATION
John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900