CA > Fresno
Fresno, CA 93704,2118 N Glenn AVE
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Fresno, CA 93704,2118 N Glenn AVE
Fresno, CA 93704,2118 N Glenn AVE
Fresno, CA 93704,2118 N Glenn AVE
Fresno, CA 93704,2118 N Glenn AVE
Tomas Miguel Flores
Tomas Miguel Flores

Real-Estate Professional | License ID: 02145878

+1(559) 215-7836

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$ 560,000

$ 595,000 5.9%

Est. payment /mo
Sold on 02/21/2025

2118 N Glenn AVE Fresno, CA 93704

10 Beds

5 Baths

3,900 SqFt

UPDATED:

Key Details

Sold Price $560,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $143

MLS Listing ID 618976

Sold Date 02/21/25

Bedrooms 10

Full Baths 5

HOA Y/N No

Year Built 1966

Lot Size 7,426 Sqft

Property Sub-Type Multi Family

Property Description

100% occupied 5 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 now month to month, requiring tenants to pay their own utility & hot water, separate gas & electric meter. With Fresno City College across the street, this property offers a prime opportunity to attract college students as tenants, ensuring a steady stream of potential renters.The value-add opportunity consists of addressing the under-market rent of the (5) tenants, extending lease length over the next 6-12 months. Value-add opportunity with actual rents of $59,400/year collected plus upside potential. After remodeling the units and addressing the slightly under-market rents, the realistic stabilized gross annual income is $91,800. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units. Once stabilized, the deal offers a 8.72% CAP rate.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Dishwasher: All Units, Disposal: All units, Stove: All units

Exterior

Parking Features Carport

Community Features Extra Storage

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban, Corner Lot, Sprinklers In Front

Story 2

Foundation Concrete Perimeter

Sewer On, Public Sewer

Water Public

Schools

High Schools Fresno Unified

Fresno MLS
Listed by Century 21 Jordan-Link & Company
agent

Tomas Miguel Flores

Real-Estate Professional | License ID: 02145878

+1(559) 215-7836

GET MORE INFORMATION

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Phone*
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2118 N Glenn AVE