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$ 825,000
Est. payment | /mo
11 Beds
6 Baths
3,976 SqFt
$ 825,000
Est. payment | /mo
11 Beds
6 Baths
3,976 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,976 sqft
Price per Sqft $207
MLS Listing ID 647006
Bedrooms 11
Full Baths 6
HOA Y/N No
Year Built 1963
Lot Size 9,748 Sqft
Property Sub-Type Multi Family
Property Description
Six Unit Multifamily Investment Opportunity. Stabilized Income, Upgrades, and Strong Upside.
Introducing a well maintained turnkey six unit multifamily property featuring recent capital improvements and strong in place rents. The property has benefited from ongoing ownership care including a brand new roof, new exterior and interior paint, new fencing, and a new water heater in the shared laundry room. All units are equipped with AC units less than one year old, enhancing tenant comfort and reducing future maintenance exposure. Total annual rent is 96,576.
Unit Mix and Interior Condition:
A: 1280. 1 Bed 1 Bath. Only one bedroom unit on site. Upgraded bathroom and flooring. New stove and fresh interior paint.
B: 1200. 2 Bed 1 Bath. New flooring and upgraded bathroom. Fully remodeled kitchen with new cabinets, granite counters, and new stove.
C: 1418. 2 Bed 1 Bath. New flooring and upgraded bathroom. New four door refrigerator.
D: 1400. 2 Bed 1 Bath. New flooring and upgraded bathroom. New granite counters.
E: 1250. 2 Bed 1 Bath. New flooring and upgraded bathroom. New stove.
F: 1500. 2 Bed 1 Bath. Fully renovated unit. New kitchen, new bath, new flooring. New refrigerator, stove, and water heater.
Investment Highlights:
Stabilized tenancy with a mix of long term leases and month to month flexibility.
Recent capital improvements reduce near term CapEx exposure.
Attractive two bedroom units with high rental demand.
Demonstrated rent growth across upgraded units.
Clear value add path through continued interior modernization.
Low operating expenses and efficient property layout.
This asset is ideal for investors seeking a clean income producing property with both stability and upside potential.
3940 E Burns Avenue Fresno CA 93725. Eight unit property next door also available for 1,175,000.
Introducing a well maintained turnkey six unit multifamily property featuring recent capital improvements and strong in place rents. The property has benefited from ongoing ownership care including a brand new roof, new exterior and interior paint, new fencing, and a new water heater in the shared laundry room. All units are equipped with AC units less than one year old, enhancing tenant comfort and reducing future maintenance exposure. Total annual rent is 96,576.
Unit Mix and Interior Condition:
A: 1280. 1 Bed 1 Bath. Only one bedroom unit on site. Upgraded bathroom and flooring. New stove and fresh interior paint.
B: 1200. 2 Bed 1 Bath. New flooring and upgraded bathroom. Fully remodeled kitchen with new cabinets, granite counters, and new stove.
C: 1418. 2 Bed 1 Bath. New flooring and upgraded bathroom. New four door refrigerator.
D: 1400. 2 Bed 1 Bath. New flooring and upgraded bathroom. New granite counters.
E: 1250. 2 Bed 1 Bath. New flooring and upgraded bathroom. New stove.
F: 1500. 2 Bed 1 Bath. Fully renovated unit. New kitchen, new bath, new flooring. New refrigerator, stove, and water heater.
Investment Highlights:
Stabilized tenancy with a mix of long term leases and month to month flexibility.
Recent capital improvements reduce near term CapEx exposure.
Attractive two bedroom units with high rental demand.
Demonstrated rent growth across upgraded units.
Clear value add path through continued interior modernization.
Low operating expenses and efficient property layout.
This asset is ideal for investors seeking a clean income producing property with both stability and upside potential.
3940 E Burns Avenue Fresno CA 93725. Eight unit property next door also available for 1,175,000.
Location
State CA
County Fresno
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Carport, Covered, Open
Community Features Playground
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 Universal Realty Services, Inc.
NEARBY SCHOOL & BUSINESS