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3304 N Howard Avenue, Fresno, CA 93726

$1,425,000
3
BD
2
BA
1,591
SqFt
Property Back to Market Report Property
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List Price
$1,425,000
MLS#
654927
Bedrooms
3
Bathrooms
2
Living Sq. Ft
1,591
Type
Multifamily
Zip
93726
city
Fresno
Status
ACTIVE
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559-360-4434

Property Description

I am pleased to present a unique investment opportunity featuring a portfolio of 5 single-family homes with separate APN numbers for sale.Portfolio Highlights: - Property Mix: Includes one 3 bed/2 bath home, three 4 bed/2 bath homes, and one 5 bed/2 bath home. - Occupancy: A combination of 3 long-term occupied homes (tenants residing 8-15 years on month-to-month leases) and 2 recently vacant homes. - Upside Potential: Current rents are below market value and due for an increase. A fully occupied proforma yields a projected 6.70% cap rate. - Tenant Responsibilities: Residents cover PG&E, trash, sewer, water, and personal expenses.The seller also owns similar occupied investment properties and is open to further discussion. Please inquire if you are interested in expanding your portfolio.Proforma and a complete list of expenses will be provided upon acceptance of an offer. Please do not disturb the tenants, and submit all offers subject to inspection.

559-360-4434
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Additional Information

Acres
0.15
Fireplace
Yes
Garage Spaces
1
Living Area
1,591
Lot Size
6,564
School District
Fresno Unified
Stories
1
Year Built
1953
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Listing courtesy of listing agent with Fresno Income Properties, 559-438-9410.

Based on information from the Fresno Association of REALTORS® as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Offer of compensation is made only to Participants of the MLS where the listing is filed.