Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
2,966
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1928
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$559,000
-
Tax Amount
5096.0
-
Sq. Footage
2, 966
-
Price/SqFt
$188
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Fresno
Elementary School
Middle School
High School
Listing Courtesy of Robert M. Balina , Synergize Realty
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