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$ 559,000
Est. payment | /mo
3,026 SqFt
$ 559,000
Est. payment | /mo
3,026 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,026 sqft
Price per Sqft $184
MLS Listing ID ML82020609
HOA Y/N No
Year Built 1955
Annual Tax Amount $5,230
Lot Size 9,099 Sqft
Property Sub-Type Quadruplex
Property Description
This 4-plex in Fresno's thriving Mayfair neighborhood has modern upgrades, strong cash flow, and excellent location in a high-demand rental market. All four spacious units are 100% leased with solid long-term tenants with upside potential in current rental market rates. This investment property is poised to deliver robust ROI for savvy investors. The property is on a huge lot with detached 4-car garages. In a good commuter-friendly location within walking distance of Manchester Centera dynamic retail hub with a movie theater and weekly farmers market. Fresno's rental market is red-hot, ranked the 9th most competitive nationwide with a mere 2.9% vacancy rate, tying for the 6th lowest in the U.S. Since 2019, fair market rents have skyrocketed 50%, averaging $1,285/month and peaking at $1,907/month for premium units.
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 2.0
Garage Description 2.0
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 44514112
Special Listing Condition Standard
Listed by Robert M. Balina Synergize Realty