Sold

2128 N First Street, Fresno, CA 93703

Sqft
2,966
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed bySynergize Realty
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Overview

This recently renovated 4-plex in Fresno's Mayfair neighborhood is a solid investment opportunity. All four units are fully occupied with strong rental rates and reliable tenants. The property has a spacious lot and large unit sizes with 4-car garages which is popular to both renters and investors. Located within walking distance of Manchester Center, a vibrant hub featuring a mall, movie theater, and weekly farmers market. A great commute location near popular local restaurants, schools, and main highways. Fresnos rental market is thriving, ranked as the 9th most competitive in the nation with a vacancy rate of just 2.9%, tying for the 6th lowest in the U.S.. Since 2019, fair market rents in Fresno have increased by 50%, with average monthly rents now at $1,285 and reaching up to $1,907 depending on unit size and location. The combination of a prime location, robust market fundamentals, and a fully leased, updated property positions this 4-plex as an attractive option for investors.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Square feet
2,966
Lot size (acres)
0.19
Year built
1947

Garage and parking

Garage parking spaces
4

Utilities

Heating
Wall furnace
Cooling
Wall/window unit(s)
Sewer
Public sewer
Water
Public

Estimated monthly costs

Insurance
$2,400

Taxes

Tax Annual Amount
$5,096

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MLSListings (California) MLS®#: ML82020605 Last checked:

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