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Listed by Robert M. Balina • Synergize Realty
Bought with Virginia Gonzalez • Keller Williams Realty-Silicon Valley
Bought with Virginia Gonzalez • Keller Williams Realty-Silicon Valley
$ 584,000
$ 559,000 4.5%
Est. payment | /mo
6 Beds
4 Baths
3,026 SqFt
$ 584,000
$ 559,000 4.5%
Est. payment | /mo
6 Beds
4 Baths
3,026 SqFt
Key Details
Sold Price $584,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,026 sqft
Price per Sqft $192
MLS Listing ID ML82020609
Bedrooms 6
Full Baths 4
Year Built 1955
Lot Size 9,100 Sqft
Property Sub-Type Fourplex
Property Description
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.
Location
State CA
County Fresno
Zoning R3
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
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