Property listed by Universal Realty Services, Inc, Gautam Atri 559-298-0180
2452 S 9th
Fresno, CA 93725
Square Ft.
3,976
$825,000
Six Unit Multifamily Investment Opportunity. Stabilized Income, Upgrades, and Strong Upside.
Introducing a well maintained turnkey six unit multifamily property featuring recent capital improvements and strong in place rents. The property has benefited from ongoing ownership care including a brand new roof, new exterior and interior paint, new fencing, and a… Read More new water heater in the shared laundry room. All units are equipped with AC units less than one year old, enhancing tenant comfort and reducing future maintenance exposure. Total annual rent is 96,576.
Unit Mix and Interior Condition:
A: 1280. 1 Bed 1 Bath. Only one bedroom unit on site. Upgraded bathroom and flooring. New stove and fresh interior paint.
B: 1200. 2 Bed 1 Bath. New flooring and upgraded bathroom. Fully remodeled kitchen with new cabinets, granite counters, and new stove.
C: 1418. 2 Bed 1 Bath. New flooring and upgraded bathroom. New four door refrigerator.
D: 1400. 2 Bed 1 Bath. New flooring and upgraded bathroom. New granite counters.
E: 1250. 2 Bed 1 Bath. New flooring and upgraded bathroom. New stove.
F: 1500. 2 Bed 1 Bath. Fully renovated unit. New kitchen, new bath, new flooring. New refrigerator, stove, and water heater.
Investment Highlights:
Stabilized tenancy with a mix of long term leases and month to month flexibility.
Recent capital improvements reduce near term CapEx exposure.
Attractive two bedroom units with high rental demand.
Demonstrated rent growth across upgraded units.
Clear value add path through continued interior modernization.
Low operating expenses and efficient property layout.
This asset is ideal for investors seeking a clean income producing property with both stability and upside potential.
3940 E Burns Avenue Fresno CA 93725. Eight unit property next door also available for 1,175,000. Read Less
Listing Snapshot
Days Online
9
Last Updated
Property Type
MultiFamily
Square Ft.
3,976
Lot Size
0.22 Acres
Year Built
1963
MLS Number
FR26078845
Additional Details
Building
Built in 1963, 2 stories, Entry level: 1
Expenses
Operating: $10,155
Income
Gross ScheduledIncome: $96,576, Net Operating Income: $86,421
Laundry
CommonArea
Lot
0.2238 acres, SixToTenUnitsAcre
Parking
6 carport spaces, 10 open parking spaces, 16 total parking spaces
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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