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.