This meticulously renovated six-unit apartment complex in Fresno, CA, presents a compelling investment opportunity. Built in 1936 and extensively remodeled in 2022 with over $240,000 in improvements, the property boasts a new roof, stucco siding, and freshly paved parking lot. The three single-story buildings sit on a 15,000 square foot lot and feature a total of 3,876 square feet of living space. Each unit includes ductless air conditioning, contemporary kitchen cabinets, new flooring, upgraded light fixtures, and updated bathrooms with stylish sinks and showers. The property is fully occupied (100% occupancy), generating a strong net operating income (NOI) of $64,255, resulting in a 7.26% cap rate. The asking price is $885,000, or $147,500 per unit, and the price per square foot is $228.33. Located at 628 N Fresno St, Fresno, CA 93701 (APN 45232120), this complex benefits from its proximity to downtown Fresno, a major hospital, shopping, and Fresno City College. Private security fencing and professionally landscaped grounds enhance the property's appeal. The permitted zoning is NMX. This property offers a blend of modern amenities, a convenient location, and substantial rental income, making it an ideal investment in Fresno's thriving real estate market.
Highlights
Renovated 6-unit apartment complex in Fresno, CA, near downtown, hospital, shopping, and Fresno City College.
Currently fully occupied with strong rental income.
Low monthly maintenance costs and hassle-free ownership.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Bill Richardson
Visit Broker Website
Learn more
Useful Information
Request information
628 Fresno St, Fresno, California, 93701
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
628 Fresno St
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.