Courtesy of: Paul Gestic, Fresno Income Properties, paul@fresnoincomeproperties.com
Courtesy of: Paul Gestic, Fresno Income Properties, paul@fresnoincomeproperties.com
$1,425,000
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3 bed
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1,591 square feet
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2.00 Bath (2 Full)
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Lot: 0.15 Acres
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Other
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$1,425,000
3304 N Howard Avenue 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.
Courtesy of: Paul Gestic, Fresno Income Properties, paul@fresnoincomeproperties.com
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