Sold

2904 N First Street, Fresno, CA 93703

Sqft
3,026
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 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

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Square feet
3,026
Lot size (acres)
0.21
Year built
1955

Garage and parking

Garage parking spaces
2

Utilities

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

Estimated monthly costs

Insurance
$2,400

Taxes

Tax Annual Amount
$5,230

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®#: ML82020609 Last checked:

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