2118 N Glenn Ave - Apartments FOR SALE


Fresno, CA 93704
$595,000 USD
559-705-1000
2118 N Glenn Ave, Fresno, CA for Sale
$595,000 USD
Apartments - FOR SALE
1/9
null | 5.28% Cap Rate

2118 N Glenn Ave
Fresno, CA 93704


HIGHLIGHTS

  • Value Add 5 Unit Complex w/ Separate Meters
  • Upside Potential: 8.72% CAP Rate & $92K In Rents
  • 100% Occupied | Rent Ready | (5) 2 Bed/1 Bath
  • Private Parking On Site | On Site Laundry | Corner Location
  • Easy Access On and Off HWY CA-41
  • Additional Side Parking and Plenty of Street Parking

OVERVIEW

100% occupied 6 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 month to month, noting tenants to pay their own utility & hot water, separate gas & electric meter. With Fresno City College less than a mile away, this property offers a prime opportunity to attract college students as tenants, ensuring a steady stream of potential renters.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,000

CAP RATE

5.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

444-172-12

ASK ABOUT THIS PROPERTY

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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Jared EnnisCentral CA CommercialMore Info
559-705-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.