Courtesy of: Puneet Bhargava, HomeSmart PV and Associates, tpriest@homesmartpva.com
Courtesy of: Puneet Bhargava, HomeSmart PV and Associates, tpriest@homesmartpva.com
$860,000
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15 bed
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4,500 square feet
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5.00 Bath (5 Full)
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Lot: 0.14 Acres
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Other
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$860,000
2025 E White Avenue Turnkey 5 unit multifamily investment opportunityFresno, California | Section 8 Rental Income | Strong Upside Potential--Brand new exterior paintExceptional opportunity to acquire a well-maintained, income-producing 5-unit multifamily property in a desirable Fresno location! Each unit features a spacious 3-bedroom, 1-bathroom floor plan with approximately 900 square feet, providing a total of approximately 4, 500 square feet of rentable living space.Property highlights5 units all 3 bedrooms and 1 bathroomApproximately 900 square feet per unitApproximately 4, 500 total rentable square feetRecently remodeled and painted within the past three yearsFour units leased to Housing Authority voucher tenantsSection 8-friendly property with established rental incomeConvenient access to Highway 180, shopping centers, schools, restaurants, and other amenitiesSTRONG RENTAL INCOME WITH BUILT-IN UPSIDEThe property currently generates approximately $8, 548 per month in gross rental income, or $102, 576 annually.Based on the existing rent caps and anticipated rent adjustments, there is potential to increase monthly gross rents to approximately $9, 375, representing annual gross rental income of $112, 500.Additionally, all five units are expected to become eligible for rent increases within the next 7-8 months. Assuming an average 7% increase from current rents, monthly gross income could rise to approximately $9, 146, or about $109, 748 annually.Actual increases are subject to Housing Authority approval, applicable program requirements, and lease terms.Established rental income from five occupied unitsPotential for increased cash flow as rents riseSpacious three-bedroom layouts appealing to familiesRecent improvements that may help reduce near-term maintenance needsConvenient location near major transportation routes and everyday amenitiesOpportunity to own a five-unit income-producing asset in Fresno's rental marketWhether you're expanding your multifamily portfolio or seeking an income-producing investment with future rental growth potential, this property deserves your attention.Don't miss this opportunity! Contact us today to request additional information and schedule a private showing.Call your agent. Interior pictures were taken when units were vacant.
Courtesy of: Puneet Bhargava, HomeSmart PV and Associates, tpriest@homesmartpva.com
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