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https://www.londonproperties.com/property/link/fresno/629881/329-N-Glenn-Ave/Fresno/Downtown/https://www.londonproperties.com/images/props/fresno/full/629881.jpgLondon Properties Fresno Real Estate | 329 N Glenn Ave
Income-Producing 8-Unit Opportunity with Value-Add Potential!! This multi-structure property features 8 units across 3 separate buildings, totaling approx. 4,164 square feet on a 15,750 square feet lot (per tax records). Currently generating around $8,000/month in gross rents, the asset offers a proforma 9.8% cap rate and 7.14 GRM, making it a solid performer from day one.While some updates could enhance value, the fundamentals are strong - a rare chance to boost returns through light improvements. Ideal for investors seeking consistent income, long-term appreciation, or a low-maintenance portfolio addition in a reliable rental market.Seller financing may be considered with 20% down.Please do not walk the property or disturb tenants. All offers subject to interior inspection.
Property Type
Multi Family
Property Subtype 1
5 to 15 Units
Year Built
1953
Region
Urban
Stories
Two
Total Units
8
Price Per Square Foot
$192
Price Per Acre
$2,212,113
Days On Market
180
Cumulative Days On Market
180
County
Fresno
REO / Bank Owned
No
Cross Street Address
McKenzie Ave & San Pablo Ave
Directions
Traveling east on Belmont Ave, turn right onto N Blackstone, left onto W California Ave, right on N Glenn Ave and the property is on the left.
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Courtesy of Jin Kim, The JKRE Investment Group - [email protected] Last modified 3 weeks ago Fresno MLS last checked for updates 32 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
