See all 11 photos
11 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$559,000
Est. payment /mo
2,966 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,966 sqft
Price per Sqft $188
MLS Listing ID ML82020605
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,096
Lot Size 8,398 Sqft
Property Sub-Type Quadruplex
Property Description
This recently renovated 4-plex in Fresno's Mayfair neighborhood is a solid investment opportunity. All four units are fully occupied with strong rental rates and reliable tenants. The property has a spacious lot and large unit sizes with 4-car garages which is popular to both renters and investors. Located within walking distance of Manchester Center, a vibrant hub featuring a mall, movie theater, and weekly farmers market. A great commute location near popular local restaurants, schools, and main highways. Fresnos rental market is thriving, ranked as the 9th most competitive in the nation with a vacancy rate of just 2.9%, tying for the 6th lowest in the U.S.. Since 2019, fair market rents in Fresno have increased by 50%, with average monthly rents now at $1,285 and reaching up to $1,907 depending on unit size and location. The combination of a prime location, robust market fundamentals, and a fully leased, updated property positions this 4-plex as an attractive option for investors.
Location
State CA
County Fresno
Zoning R3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Refrigerator
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition
Accessibility None
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Fresno Unified
Others
Tax ID 44611129
Special Listing Condition Standard
Read Less Info
Listed by Robert M. Balina Synergize Realty
GET MORE INFORMATION
QUICK SEARCH