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Listed by Robert M. Balina • Synergize Realty
$ 549,000
Est. payment | /mo
3,026 SqFt
$ 549,000
Est. payment | /mo
3,026 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,026 sqft
Price per Sqft $181
MLS Listing ID ML82016163
HOA Y/N No
Year Built 1951
Lot Size 9,100 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Here's a multifamily 4-plex in the vibrant McLane neighborhood of Fresno. This turnkey property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. A large property with over 3,060 sqft updated to attract quality tenants and minimize maintenance costs. Updated units include laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). This property is walking distance to Manchester Center, a large mall with a movie theater and weekly farmers market. Close to local favorites like Blackbeards Family Entertainment, Fresno State University, and Fresno Pacific University, ideal for student or faculty tenants. All units are 100% fully occupied with some Section 8 tenants with Fresno County Housing Authority.
Location
State CA
County Fresno
Interior
Heating Wall Furnace
Flooring Laminate, Tile
Fireplace No
Schools
School District Fresno Unified, Fresno Unified
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397