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Listed by Robert M. Balina • Synergize Realty
$559,000
Est. payment /mo
6 Beds
4 Baths
2,966 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,966 sqft
Price per Sqft $188
MLS Listing ID ML82020605
Bedrooms 6
Full Baths 4
Year Built 1947
Lot Size 8,400 Sqft
Property Sub-Type Fourplex
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
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 446-111-29
Security Features Other
Horse Property No
Special Listing Condition Not Applicable
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