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$569,000
Est. payment /mo
7,601 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062073
HOA Y/N No
Year Built 1964
Annual Tax Amount $7,134
Lot Size 7,601 Sqft
Property Description
100% Fully Occupied 5-Unit Apartment Complex in Fresno's Historic Lowell neighborhood and thriving rental market. This property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. Updated units with laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate, tying for the 6th lowest in the U.S. (Forbes, 2024). This property is located near the intersection of Highways 99 and 180 near Downtown Fresno. Diverse shopping centers within 1.5 miles, including international grocers and small markets on East Olive Avenue. The Community Regional Medical Center is walking distance.
Location
State CA
County Fresno
Area 699 - Not Defined
Zoning R-3
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Building
Water Public
Schools
School District Fresno Unified
Others
Tax ID 45915316
Special Listing Condition Standard
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Listed by Robert M. Balina Synergize Realty #01263881
NEARBY SCHOOL & BUSINESS
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David Burchell
Team Leader & Realtor License ID: #02033130
Team Leader & Realtor License ID: #02033130