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$ 739,999
Est. payment /mo
Price Dropped by $60K
524 E Fresno Street Avenal, CA 93204
7 Beds
5 Baths
5,862 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,862 sqft
Price per Sqft $126
MLS Listing ID 233681
Bedrooms 7
Year Built 1934
Lot Size 0.287 Acres
Property Sub-Type Apartment
Source Kings County
Property Description
Exceptional 10-Unit Investment Opportunity - First Time on the Market in Years Presenting a rare opportunity to acquire a 10-unit multifamily complex with significant upside potential. Held by long-term ownership and offered for the first time in years, this property is ideal for investors seeking steady occupancy with room to increase cash flow. All 10 units are currently occupied by long-term tenants, reflecting consistent rental history and strong demand in the area. Rents are currently below market value due to long-standing tenancies, offering a clear value-add opportunity for the next owner. All leases are month-to-month, providing flexibility to adjust rents to market rates. Each unit features separate utility meters, minimizing owner expenses and maximizing net operating income. The property is conveniently located within walking distance to the police department and fire department, adding an extra layer of desirability and tenant appeal.
Location
State CA
County Kings
Area Avenal
Interior
Hot Water Gas
Exterior
Parking Features Street Parking, Varies By Unit
Roof Type Shingle
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Listed by Edith Avilez • Fast Track Realty Co.
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