Description
Eight Unit Multifamily Investment Opportunity. 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.
Details
| MLS # | FR26090586 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 166 |
| Listing Provided By | Universal Realty Services, Inc | Gautam Atri |
Features
| SQ Feet | 5,400 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Acreage | 0.29 |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Fresno |
| City | Fresno |
| Zip Code | 93725 |
| Listing VS Median (in 93725) | |
Price: $1,175,000 low | high Med: $1,175,000 sqft: 5,400 low | high Med: 5,400 $ / sqft: $218 low | high Med: $218 On site: 166 low | high Med: 173.5 | |
Market Activity 93725
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Learn More About This Property
| State | CA |
|---|---|
| County | Fresno |
| City | Fresno |
| Zip Code | 93725 |
| Listing VS Median (in 93725) | |
Price: $1,175,000 low | high Med: $1,175,000 sqft: 5,400 low | high Med: 5,400 $ / sqft: $218 low | high Med: $218 On site: 166 low | high Med: 173.5 | |
 | $1,175,0003940 E BurnsFresno, CA 93725 |