6,250 Sqft Lot
6,250 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID FR26198688
HOA Y/N No
Year Built 1970
Lot Size 6,250 Sqft
Property Sub-Type Mixed Use
Property Description
The property has been recently remodeled and painted within the past three years, providing a low-maintenance, turnkey investment. All units are Section 8 friendly and currently leased through the Housing Authority, offering reliable, consistent rental income and reduced vacancy risk.
Current gross rents total $8,648/month, with upside potential to $9,375/month based on existing rent caps. Annual gross income exceeds $103,000 with the potential to reach over $112,000and even higher as voucher limits continue to rise.
Operating expenses are efficient, resulting in a strong Net Operating Income of approximately $72,996, with potential to increase to $81,720. Investors will benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300/month. All five A rents are due to be increased in next 7 dash 8 months/ assuming rents will be increased by 7% The new rents will be$9061
Ideally located near Highway 180, shopping centers, schools, and dining, the property sits within a clean, well-maintained complex in a high-demand rental area.
Highlights:
Five 3 bed / 1 bath units (~900 SF each)
Recently remodeled interiors and exterior updates
Section 8 tenant base
Strong in-place income with rental upside
Low-maintenance investment
Excellent access to major corridors and amenities
Perfect for investors seeking income-producing asset with built-in growth potential in a steadily appreciating market.
Location
State CA
County Fresno
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 5
Pool None
Community Features Street Lights
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 45230313
Acceptable Financing Cash, Cash to New Loan, Conventional, Government Loan
Listing Terms Cash, Cash to New Loan, Conventional, Government Loan
Special Listing Condition Standard
Nearby Locations
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