3 months on rocket

422 N Glenn Ave, Fresno, CA, 93701

$960,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
5,170 SqFt
$186/SqFt
Multi
Schools Nearby

Location

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422 N Glenn Ave, Fresno$960,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage6 spaces
Year Built1951
HeatingFloor Furnace
CoolingEvaporative Cooling
FireplaceNone
MLS #607427
Lot Size0.24 Acres
StatusActive

About 422 N Glenn Ave

Introducing a prime investment opportunity in the heart of Fresno - an eight-unit apartment complex that seamlessly combines modern amenities with strategic location. Nestled on a sprawling lot exceeding 10,000 square feet, this property boasts three buildings, six garages, and shared backyards for an added appeal. Each of the one-bedroom, one-bathroom units within this complex is equipped with inside laundry hook-ups and dual-pane windows, ensuring convenience and energy efficiency for tenants. The thoughtful upgrades extend to the entire complex, with a full remodel in 2020 and re-roofing of two buildings in 2019. A number of units also feature brand new water heaters, minimizing maintenance concerns. Strategically positioned near downtown Fresno and the vibrant Tower district, residents enjoy easy access to an array of stores, restaurants, and cultural events. The location not only enhances the property's desirability but also contributes to a steady stream of potential tenants. For savvy investors, the enticing capitalization rate hovers just below 5%, with the potential for further growth by adjusting rental rates. With meticulous renovations, contemporary features, and an optimal location, this eight-unit apartment complex presents a rare opportunity to capitalize on Fresno's dynamic real estate market. Don't miss your chance to secure a promising investment with both immediate returns and future appreciation potential.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1
  • Living Area: 5,170 SqFt

Listing Office:

  • Office Name: Dart Realty
  • Office Phone: (559) 442-4141
  • Listing Agent: Douglas Dart

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Fence

Parking Information:

  • Garage Space: 6 spaces

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Roosevelt High School, Public Magnet Grades 9-12
  • Tehipite Middle School, Public District Grades 6-8
  • Susan B. Anthony Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: From southbound freeway 180, take the Blackstone exit and head towards downtown. Just past the underpass, turn right on E Belmont Ave. then left on N Glenn Ave. The property is halfway down the block on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $960,000
  • Price Per SqFt: $186/SqFt

Tax Information:

  • Annual Amount: $6,041
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fresno, CA.

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Fresno, CA

City

Med. Sold Price

$384.8K

Med. Price/SqFt

$241

Avg. Days On Market

29

# of Sold Homes

302

422 N Glenn Ave vs Fresno

98 DAYS ON ROCKET

+69 Days

$960,000

+$575.1K More

$186/SqFt

-$56 Less

KEY TAKEAWAY

This property is $575.1K more than the Median Sold Price and $56/SqFt less than other homes in Fresno, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Fresno Multiple Listing System
  • MLS Number: #607427

Listing Office:

  • Office Name: Dart Realty
  • Office Phone: (559) 442-4141
  • Listing Agent: Douglas Dart

Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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 consumers may be
interested in purchasing.

Copyright 2024 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2024, 7:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 05, 2020Home Sold
$745,000
Apr 26, 2019Home Sold
$460,000
Apr 26, 2019Home Sold
$460,000
May 06, 2011Home Sold
$91,500
Jul 06, 2010Home Sold
$182,000
Mar 01, 2005Home Sold
$310,000
Oct 31, 2003Home Sold
$295,000
Dec 30, 1992Home Sold
$168,150

Tax History

YEARPROP. TAXASSESSMENT
2021$6,041$640,000
2020$6,041$460,000
2019$3,814$297,137
2018$3,814$291,311
2017$3,632$285,600

History based on county public records data.

Payment Calculator

$4,859

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,945

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8350523
5
/10

  • Susan B. Anthony Elementary School

  • 1542 E Webster Ave

  • 0.50 miles

  • Public District Grades KG-6

Middle School

school-card-donut-8350524
1
/10

  • Tehipite Middle School

  • 630 N Augusta St

  • 0.74 miles

  • Public District Grades 6-8

High School

school-card-donut-8350525
2
/10

  • Roosevelt High School

  • 4250 E Tulare St

  • 2.26 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,047. The majority of Fresno, CA residents have income less than $35k annually. The majority of families are single, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Fresno County›Fresno›93701›422 N Glenn Ave

This home is located at 422 N Glenn Ave in Fresno, CA and zip code 93701 in the Lowell neighborhood. This 5,170 square foot home, which was built in 1951, sits on a 0.24 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $960,000.

While more than 129 listings in Fresno, CA in April 2024 were sold above asking price, there were more than 66 listings sold at asking price, and more than 107 were sold below. In April 2024 in Fresno, CA there were 5.6% more homes for sale than in March 2024. In April 2024 median list price was $384,894 and the average listing age was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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