This turnkey 6-unit property consists of all 2-bedroom, 1-bathroom units, each approximately 703 square feet. This property was completely renovated in 2020 with a new roof, windows, exterior paint, and plumbing fixtures. Recent unit upgrades include new flooring, paint and upgraded appliances. With rents near market value and a cap rate of 6.76%, this property offers strong cash flow potential and a solid foundation for investors seeking reliable returns and portfolio growth. Current monthly gross rents total $7, 843/m. Conveniently located near Highways 180 and 168, residents have easy access to nearby schools, parks, shopping centers, and other key amenities. Please do not walk the grounds or disturb the tenants; write all offers subject to interior inspection.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Exterior and Lot Features
Land Info
- Lot Dimensions Source: SqFt
- Lot Size Acres: 0.241
- Lot Size Square Feet: 10500
Garage and Parking
- Garage Description: Carport
- Parking Features: Carport
Multi-Unit Info
Rental Info
- Income Includes: Unit Rent
- Tenant Pays: Electricity, Gas
Other Property Info
- City Region: Fresno
- Source Listing Status: Active
- County: Fresno
- Cross Street: N Cedar Ave & E Hedges Ave
- Source Property Type: Multi Family
- Area: 703
- Property Subtype: condo
- Source Neighborhood: 703
- Parcel Number: 45322415
- Postal Code Plus 4: 4300
- State Region: Urban
- Property Subtype: 5 to 15 Units
- Source System Name: C2C
Commercial Info
- Operating Expense Includes: Management, Electric, Water, Sewer
Building and Construction
- Total Square Feet Living: 4608
- Year Built: 1967
- Building Exterior Type: Stucco
- Levels: MultiSplit
- Property Age: 58
- Roof: Composition
- Levels or Stories: 1.5
Utilities
- Gas: Public Utilities
- Sewer: Public Water