1527 N Van Ness Ave
Fantastic opportunity to own a 10 unit property with $101,570 in Net Operating Income.
Marketing description
Exceptional multifamily investment opportunity featuring 10 fully occupied units and strong rental income. This well-performing property offers investors immediate cash flow with no current vacancies and a proven occupancy history.
The building has recently received a fresh exterior paint job, enhancing curb appeal and contributing to the property's overall pride of ownership. Conveniently located in Fresno's Historic District, the property benefits from its proximity to Fresno City College, Fresno High School, and the popular Tower District, providing tenants with easy access to shopping, dining, entertainment, and educational opportunities.
The first building features 8 units with 2 of them being studios. The second building has two large units as well. It also features 5 garages and 5 storage.
With quick access to Highway 41 and Highway 180, residents enjoy convenient commuting throughout Fresno and the surrounding areas. Whether you're a seasoned investor or looking to add an income-producing asset to your portfolio, this well-maintained 10-unit property presents an outstanding opportunity in a highly desirable rental market.
Investment highlights
Exceptional multifamily investment opportunity featuring 10 fully occupied units and strong rental income.
The first building features 8 units with 2 of them being studios. The second building has two large units as well. It also features 5 garages and 5 storage.
Annual Income $125938
Annual Expenses $24368
NOI $101,570
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