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.
Property Details
Property Features
Property Information:
Year Built: 1951
Stories: 1
Living Area: 5,170 SqFt
Listing Office:
Office Name: Dart Realty
Office Phone: (559) 442-4141
Listing Agent: Douglas Dart
Interior Features
Interior Information:
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Exterior: Fence
Parking Information:
Garage Space: 6 spaces
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Floor Furnace
Cooling: Evaporative Cooling
School Info
Assigned Schools Information:
Roosevelt High School, Public Magnet Grades 9-12
Tehipite Middle School, Public District Grades 6-8
Susan B. Anthony Elementary School, Public District Grades KG-6
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $960,000
Price Per SqFt: $186/SqFt
Tax Information:
Annual Amount: $6,041
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Fresno, CA.
This property is $574.9K more than the Median Sold Price and $57/SqFt less than other homes in Fresno, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Fresno Multiple Listing System
MLS Number: #607427
Listing Office:
Office Name: Dart Realty
Office Phone: (559) 442-4141
Listing Agent: Douglas Dart
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. The information being provided is 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.
Copyright 2024 Fresno Association of Realtors. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/10/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 05, 2020
Oct 05, 2020Home Sold
$745,000
Apr 26, 2019
Apr 26, 2019Home Sold
$460,000
Apr 26, 2019
Apr 26, 2019Home Sold
$460,000
May 06, 2011
May 06, 2011Home Sold
$91,500
Jul 06, 2010
Jul 06, 2010Home Sold
$182,000
Mar 01, 2005
Mar 01, 2005Home Sold
$310,000
Oct 31, 2003
Oct 31, 2003Home Sold
$295,000
Dec 30, 1992
Dec 30, 1992Home Sold
$168,150
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,041
$640,000
2020
$6,041
$460,000
2019
$3,814
$297,137
2018
$3,814
$291,311
2017
$3,632
$285,600
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Susan B. Anthony Elementary School
1542 E Webster Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-6
Middle School
2
/10
Tehipite Middle School
630 N Augusta St
Distance between this listing and this school0.74 miles
Public District Grades 6-8
High School
3
/10
Roosevelt High School
4250 E Tulare St
Distance between this listing and this school2.26 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Susan B. Anthony Elementary School
1542 E Webster Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-6
Nearby Schools
3
/10
Lowell Elementary School
171 N Poplar Ave
Distance between this listing and this school0.30 miles
Public District Grades KG-6
7
/10
Akira Yokomi Elementary School
2323 E Mckenzie Ave
Distance between this listing and this school0.54 miles
Public Magnet Grades KG-6
Assigned Schools
2
/10
Tehipite Middle School
630 N Augusta St
Distance between this listing and this school0.74 miles
Public District Grades 6-8
Nearby Schools
4
/10
Hamilton Elementary School
102 E Clinton Ave
Distance between this listing and this school1.86 miles
Public Magnet Grades KG-8
3
/10
Yosemite Middle School
1292 N 9th St
Distance between this listing and this school2.01 miles
Public District Grades 7-8
Assigned Schools
3
/10
Roosevelt High School
4250 E Tulare St
Distance between this listing and this school2.26 miles
Public Magnet Grades 9-12
Nearby Schools
3
/10
J. E. Young Academic Center
822 N Abby St
Distance between this listing and this school0.40 miles
Public District Grades KG-12
1
/10
School of Unlimited Learning
2336 Calaveras St
Distance between this listing and this school0.46 miles
The neighbors living near this home have an average income of $26,047. The majority of Fresno, CA residents have income less than $35k annually. The most common type of family is single, with kids. Residents of this area typically have high school diploma education.
This home is located at 422 N Glenn Ave in Fresno, CA and zip code 93701 in the Lowell neighborhood. This 5,170 square foot home, which was built in 1951, sits on a 0.24 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $960,000.
While more than 127 listings in Fresno, CA in May 2024 were sold above asking price, there were more than 68 listings sold at asking price, and more than 127 were sold below. Between April 2024 and May 2024, Fresno, CA real estate market has seen increase in the number of listings by 5.6%. While the average time on the market in May 2024 was 22 days, the median list price was $385,015.
From Rocket Homes Real Estate and based on county public records data.