Property Description
Courtesy of Jin Kim, The JKRE Investment Group -
[email protected]
Turnkey five-unit multifamily investment opportunity located in one of Fresno's most desirable rental submarkets. Situated north of Bullard Avenue in an established residential neighborhood, the property benefits from strong tenant demand and a location that is highly sought after by renters. This asset offers investors the opportunity to own in one of Fresno's premier rental markets.The property consists of five spacious 2-bedroom, 1-bathroom apartment homes totaling approximately 5,586 square feet. The unit mix includes three ground-floor units and two second-floor units, providing an attractive layout for a broad tenant base. The property is currently 100% occupied and generates approximately $7,752 per month in gross rental income.Recent capital improvements include a newer roof, replaced just a few years ago, and updated electrical breaker panels completed this year, minimizing near-term capital expenditures. Each apartment is separately metered for PG&E, while the landlord pays water, sewer, and trash. Additional income is generated through the on-site laundry facility.Tenant amenities include five covered carport parking spaces and private storage units, adding convenience and enhancing the property's appeal. Investors will also appreciate the opportunity for future rental growth while benefiting from a well-maintained, fully occupied asset in a high-demand location.Whether you're completing a 1031 exchange or expanding your multifamily portfolio, 6075 N. Poplar Avenue offers a rare opportunity to acquire a stabilized investment with strong in-place income, quality improvements, and long-term upside in one of Fresno's most sought-after neighborhoods.