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Courtesy: Douglas Dart - Dart Realty
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Fresno Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

422 N Glenn Avenue,  Fresno CA, 93701

(Active)
$960,000
|
8 beds, 5,170 sqft
|
MLS# 607427

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Last Updated: 5/5/2024 10:54 AM
Description for 422 N Glenn Avenue Fresno, CA 93701
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.
Price
$960,000
Fresno
8
5,170 (approx)
607427
Active
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. 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.
Listing Information
Property Type: Multi-Family, Other
8 0.24 Acres 5,170 (approx)
1951 Stucco
Public
Public Sewer
Neighborhood
School Information
District: Fresno Unified
Anthony Tehipite Roosevelt
Room Information
Exterior / Lot Features
6 Garage Spaces,
Stucco
Driving 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.
Listing Price History

Fresno Real Estate

Fresno is located in California. Fresno, California 93701 has a population of 525,107.

The median household income in Fresno, California 93701 is $26,745. The median household income for the surrounding county is $57,469 compared to the national median of $66,222. The median age of people living in Fresno 93701 is 34 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
3/5/2024 Active $960,000  USD  -1.54% MLS info
1/30/2024 Active $975,000  USD  MLS info
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2023 $8,628   USD 1.36% $665,855   USD -
2022 $8,512   USD 2.78% $665,855   USD 2.00%
2021 $8,282   USD 37.10% $652,800   USD 41.91%
2020 $6,041   USD 55.10% $460,000   USD -
2019 $3,895   USD 2.12% $460,000   USD 54.81%
Courtesy: Douglas Dart - Dart Realty
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Fresno Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 5/5/2024 10:54 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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