$860,000

Turnkey 5 unit multifamily investment opportunityFresno, California | Section 8 Rental Income | Strong Upside Potential--Brand new exterior paintExceptional opportunity to acquire a well-maintained, income-producing 5-unit multifamily property in a desirable Fresno location! Each unit features a spacious 3-bedroom, 1-bathroom floor plan with approximately 900 square feet, providing a total of approximately 4,500 square feet of rentable living space.Property highlights5 units all 3 bedrooms and 1 bathroomApproximately 900 square feet per unitApproximately 4,500 total rentable square feetRecently remodeled and painted within the past three yearsFour units leased to Housing Authority voucher tenantsSection 8-friendly property with established rental incomeConvenient access to Highway 180, shopping centers, schools, restaurants, and other amenitiesSTRONG RENTAL INCOME WITH BUILT-IN UPSIDEThe property currently generates approximately $8,548 per month in gross rental income, or $102,576 annually.Based on the existing rent caps and anticipated rent adjustments, there is potential to increase monthly gross rents to approximately $9,375, representing annual gross rental income of $112,500.Additionally, all five units are expected to become eligible for rent increases within the next 7-8 months. Assuming an average 7% increase from current rents, monthly gross income could rise to approximately $9,146, or about $109,748 annually.Actual increases are subject to Housing Authority approval, applicable program requirements, and lease terms.Established rental income from five occupied unitsPotential for increased cash flow as rents riseSpacious three-bedroom layouts appealing to familiesRecent improvements that may help reduce near-term maintenance needsConvenient location near major transportation routes and everyday amenitiesOpportunity to own a five-unit income-producing asset in Fresno's rental marketWhether you're expanding your multifamily portfolio or seeking an income-producing investment with future rental growth potential, this property deserves your attention.Don't miss this opportunity! Contact us today to request additional information and schedule a private showing.Call your agent. Interior pictures were taken when units were vacant.