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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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.

2128 N First Street

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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.
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