0.29 Acres Lot
0.29 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID FR26078832
HOA Y/N No
Year Built 1963
Lot Size 0.293 Acres
Property Sub-Type Multi Family
Property Description
Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.
This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.
Unit Mix and Interior Condition:
Unit 1: $1,400. Fresh interior paint, new floors.
Unit 2: $1,050. New flooring. Clean interior profile.
Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom.
Unit 4: $1,175. New bathroom. New flooring. New stove.
Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes.
Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher)
Second Building (Units 7 and 8):
Unit 7: $1,090.
Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint.
Financial Summary:
Total Monthly Income: $9,731.00
Total Annual Income: $116,772
Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600
Investment Highlights:
Brand new Roof.
Brand new outdoor paint.
All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.
Uniform interior paint across all eight units within the last year.
Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.
Stabilized rent roll with strong in place income.
Clear value add runway through modernization of legacy units.
This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.
Location
State CA
County Fresno
Area Fsno - Fresno
Zoning R3
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 8
Utilities Available Electricity Connected, Sewer Connected
Present Use Multi-Family
Total Parking Spaces 14
Building
Lot Description 6-10 Units/Acre, Near Public Transit, Rectangular Lot
Story 2
Water Public
Others
Tax ID 48027301
Special Listing Condition Standard
Nearby Locations
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