This fully occupied 17-unit apartment complex features (17) 2-bedroom, 1-bath units, each offering 725 sq ft of living space. Current gross monthly rental income is $18,461, approximately 25% below market value, presenting strong upside potential. Recent upgrades include a new roof (Feb 2025), fresh paint, new window ACs, and 9 renovated units. Additionally, onsite laundry adds $2,400 in annual income. With consistent cash flow and significant value-add opportunities, this property is a prime investment for both seasoned and new investors. Please do not walk the grounds or disturb tenants; write offers subject to interior inspection.
Property Details
Price:
$2,799,999
MLS #:
626976
Status:
Active
Beds:
34
Baths:
17
Address:
1275 N 8Th Street
Type:
Multi Family
Subtype:
16 Units & More
Neighborhood:
703
City:
Fresno
Listed Date:
Mar 14, 2025
State:
CA
Finished Sq Ft:
12,348
ZIP:
93703
Lot Size:
26,550 sqft / 0.61 acres (approx)
Year Built:
1968
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Schools
School District:
Fresno Unified
Interior
Exterior
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Community
- Address1275 N 8Th Street Fresno CA
- Area703
- CityFresno
- CountyFresno
- Zip Code93703
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