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$ 612,000
Est. payment | /mo
8 Beds
4 Baths
3,000 SqFt
$ 612,000
Est. payment | /mo
8 Beds
4 Baths
3,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $204
MLS Listing ID 643216
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1968
Lot Size 6,599 Sqft
Property Sub-Type Quadruplex
Property Description
Excellent opportunity to own a well-maintained 4-plex in Fresno's Lowell neighborhood with strong in-place income and upside potential. The property generates $4,298 in total monthly rents, with all units being 2-bedroom / 1-bath units. Two units are currently rented at $1,150/month and two units at $999/month. All tenants are month-to-month, offering flexibility for future rent adjustments or repositioning.
Two of the four units have been fully updated, providing immediate appeal and a clear value-add path for the remaining units. Major capital improvements have already been addressed, including a new roof installed in 2019. The property's balcony has been inspected and is fully compliant with SB-721, offering peace of mind and reduced deferred maintenance concerns.
Located in the established Lowell neighborhood, this property is professionally managed and is ideal for investors seeking cash flow with upside, or owner-investors looking to live in one unit while improving returns over time. A solid multifamily asset with a strong rent roll, recent improvements, and future growth potential. Call your agent with any questions.
Two of the four units have been fully updated, providing immediate appeal and a clear value-add path for the remaining units. Major capital improvements have already been addressed, including a new roof installed in 2019. The property's balcony has been inspected and is fully compliant with SB-721, offering peace of mind and reduced deferred maintenance concerns.
Located in the established Lowell neighborhood, this property is professionally managed and is ideal for investors seeking cash flow with upside, or owner-investors looking to live in one unit while improving returns over time. A solid multifamily asset with a strong rent roll, recent improvements, and future growth potential. Call your agent with any questions.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Carport, Covered, One Space per Unit
Community Features Utility Room
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by Realty Concepts, Ltd. - Fresno
NEARBY SCHOOL & BUSINESS