4530 E Thomas Ave,

Fresno, CA 93702

  • Price: $1,400,000
  • House sqft: 13440
  • Lot sqft: 24,828
  • Bedrooms: 2
  • Baths: 1
  • Garage: 0
  • Stories: 2
  • Year Built: 1975
  • Cooling: Wall A/C
  • Heating: Gas wall heater

More Details

6% cap rate! A great chance to invest in a property that is in a growing market and is already making good returns on investment. Some units have been upgraded with laminate wood flooring, new carpet, granite countertops, new A/C units, new windows and much more. The newest unit just rented for $1,000/month, the average rent for the complex is $750/month so there is tons of immediate upside potential in rents. All units are 2 bedrooms 1 bathroom and are individually sum-metered for electricity and natural gas. Potential for increased additional income by implementing a RUBS utility reimbursement system for water and trash and upgrading the laundry facilities. All 15 units are available together as a portfolio or individually for $550k each.