For Sale
$885,000

628 Fresno StFresno, CA 93701

Modern, high-return Fresno investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 628 Fresno St

Property type
Apartment buildings
Square Feet
3,876 SF
Year Built/Renovated
1936/2022
Buildings
3
Stories
1
Units
6

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.75221910406
Longitude
-119.78154047578
628 Fresno St, Fresno, California

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628 Fresno St
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