511 N Ave #a-f, Fresno, CA

$639,900

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4

Beds

6

Baths

2,630

Square feet

0.09

Acres

About 511 N Ave #a-f

Discover a prime investment opportunity in Fresno's thriving real estate landscape - a meticulously maintained 6-unit complex with a blend of two studios and four 1-bedroom apartments. Secured by four covered parking stalls, this property offers immediate stability with potential for increased returns through rent adjustments.Located within walking distance to the vibrant Tower District, residents enjoy easy access to shops, clubs, and restaurants. Proximity to Freeway 168, 99, and 41 ensures convenience and connectivity. The fully gated complex features a courtyard, adorned with a rock fountain flowing into a Koi pond, providing a serene retreat.Architecturally distinguished by black iron, red bricks, and a white building, these units have undergone recent remodels, showcasing a perfect blend of classic charm and modern comfort. Tenant convenience is elevated with a coin operated laundry room featuring a washer and dryer.Surrounded by mature landscaping and trees, this complex exudes a tranquil ambiance. Boasting a well-maintained status and a solid capitalization rate of over 5.5% at current rents, seize the opportunity to add a strategic income-generating asset to your portfolio. With proximity to downtown Fresno offices, Fulton Mall, breweries, restaurants, and cultural hubs, this investment promises both immediate returns and long-term growth. Act now to secure your stake in Fresno's dynamic real estate market.

Features of 511 N Ave #a-f

MLS® # 608028
Price $639,900
Bedrooms 4
Bathrooms 6.00
Square Footage 2,630
Acres 0.09
Year Built 1953
Type Multi Family
Sub-Type 5 to 10 Units
Status Active

Community Information

Address 511 N Ave #a-f
Area 728
City Fresno
County Fresno
State CA
Zip Code 93728

Amenities

Features Security Gate
Parking Carport, Covered
Is Waterfront No
Has Pool No

Interior

Heating Floor or Wall Heat
Cooling Window or Wall A/C
Fireplace No
Fireplaces None
# of Stories 2
Stories Two Stories

Exterior

Exterior Stucco, Brick
Roof Comp Shingle

School Information

District Fresno Unified
Elementary Muir
Middle Fort Miller
High Fresno

Additional Information

Date Listed February 12th, 2024
Days on Market 61
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Agent Douglas Dart
Office Dart Realty

Listing Map

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