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Listed by SUMANJEET SINGH, DRE #02107827 • Homesmart PV & Associates
$ 860,000
Est. payment /mo
Active
2025 E White Fresno, CA 93701
6,250 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRFR26198688
Year Built 1970
Lot Size 6,250 Sqft
Source California Regional MLS
Property Description
Exceptional opportunity to acquire a well-maintained 5-unit multifamily property in a desirable Fresno location. Each unit offers a spacious 3-bedroom, 1-bath layout with approximately 900 square feet, totaling 4,500 square feet of rentable spaceideal for attracting long-term tenants. The property has been recently remodeled and painted within the past three years, providing a low-maintenance, turnkey investment. All units are Section 8 friendly and currently leased through the Housing Authority, offering reliable, consistent rental income and reduced vacancy risk. Current gross rents total $8,648/month, with upside potential to $9,375/month based on existing rent caps. Annual gross income exceeds $103,000 with the potential to reach over $112,000and even higher as voucher limits continue to rise. Operating expenses are efficient, resulting in a strong Net Operating Income of approximately $72,996, with potential to increase to $81,720. Investors will benefit from immediate positive cash flow, with current monthly returns around $2,583 and projected upside to over $3,300/month. All five A rents are due to be increased in next 7 dash 8 months/ assuming rents will be increased by 7% The new rents will be$9061 Ideally located near Highway 180, shopping centers, schools,
Location
State CA
County Fresno
Interior
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 45230313
Special Listing Condition Not Applicable
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