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329 N Glenn Ave 8 Unit Apartment Building $1,116,596 CAD ($139,575 CAD/Unit) 9.80% Cap Rate Fresno, CA 93701
INVESTMENT HIGHLIGHTS
- 8-unit property consisting of three separate structures.
- Below market rents with clear upside potential
- Generates approximately $7,897/m in gross scheduled rents.
EXECUTIVE SUMMARY
Colliers | Fresno is pleased to present this 8-unit turnkey, investment property available for sale located at 329 N. Glenn Avenue in Fresno, California. This 8-unit property totals approximately 4,164 square feet. One unit has 3 bedrooms/1 bathroom, one unit has 2 bedrooms/1 bathroom, four units have 1 bedroom/1 bathroom and two units are studios with 1 bathroom.
Located in Fresno, California, close to Downtown Fresno and the Tower District, the property is just north of the northwest corner of Glenn and McKenzie Avenues, and is in close proximity to Freeways 41, 99 and 168. Built in 1953, the building is situated on approximately 15,750 square feet (±0.36 acres) of land and zoned RS5.
The units are individually metered for P.G.&E. and paid by tenant. SELLER FINANCING may be considered with at least 20% down.
Located in Fresno, California, close to Downtown Fresno and the Tower District, the property is just north of the northwest corner of Glenn and McKenzie Avenues, and is in close proximity to Freeways 41, 99 and 168. Built in 1953, the building is situated on approximately 15,750 square feet (±0.36 acres) of land and zoned RS5.
The units are individually metered for P.G.&E. and paid by tenant. SELLER FINANCING may be considered with at least 20% down.
PROPERTY FACTS
| Price | $1,116,596 CAD | Building Class | C |
| Price Per Unit | $139,575 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,164 SF |
| Cap Rate | 9.80% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS5 - Apartments | ||
| Price | $1,116,596 CAD |
| Price Per Unit | $139,575 CAD |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,164 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS5 - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 459-151-08 | Improvements Assessment | $971,063 CAD |
| Land Assessment | $86,080 CAD | Total Assessment | $1,057,143 CAD |
PROPERTY TAXES
Parcel Number
459-151-08
Land Assessment
$86,080 CAD
Improvements Assessment
$971,063 CAD
Total Assessment
$1,057,143 CAD
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329 N Glenn Ave
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