1561 N Van Ness Ave
Fantastic opportunity to own a 16 unit property with $145,614 in Net Operating Income.
Marketing description
Excellent investment opportunity in Fresno's Historic District! This well-maintained 16-unit building offers strong cash flow with only one current vacancy. Units are in high demand, and vacancies lease quickly, providing consistent occupancy and income potential.
Recent improvements include a new roof, helping reduce future capital expenses and adding value for years to come. The property is ideally located near Fresno City College, Fresno High School, and the vibrant Tower District, offering tenants convenient access to education, dining, shopping, and entertainment. Commuters will appreciate the easy access to Highway 41 and Highway 180, providing connectivity throughout the Fresno metropolitan area.
This is a 3 level unit. The first two levels feature 1 bedroom, 1 bath units. The third level features 8 studios.
Whether you are looking to expand your portfolio or acquire a turnkey multifamily asset with proven income performance, this property presents a rare opportunity in one of Fresno's most desirable and centrally located neighborhoods.
Investment highlights
- Well-maintained 16-unit building offers strong cash flow with only one current vacancy
- Units are in high demand, and vacancies lease quickly
- Recent improvements include a new roof
- Ideally located near Fresno City College, Fresno High School, and the vibrant Tower District
- Easy access to Highway 41 and Highway 180
- 3 level unit - first two levels feature 1 bedroom, 1 bath units; third level features 8 studios
- Property is on the historical register in Fresno
- Units stay mostly full
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