Fresno (FSNO) Homes with Multi Family Subtype

Fresno (FSNO) Homes with Multi Family Subtype

Welcome to Fresno, California – a vibrant city nestled in the heart of the San Joaquin Valley. Known for its rich agricultural heritage and diverse cultural tapestry, Fresno offers a unique blend of urban conveniences and suburban charm. With a warm Mediterranean climate, residents enjoy sunny days and mild winters, making it an ideal place for outdoor enthusiasts and families alike.

Fresno is a city on the rise, boasting a burgeoning economy and a variety of recreational activities. From the stunning landscapes of nearby national parks like Yosemite and Sequoia to the bustling downtown filled with shops, restaurants, and entertainment venues, there’s always something to explore. The city is also home to several educational institutions, including California State University, Fresno, fostering a youthful and dynamic atmosphere.

For those considering investing in real estate, Fresno presents an exciting opportunity, especially for multi-family homes. With a growing population and a steady demand for rental properties, multi-family homes in this region are an attractive option for both seasoned investors and first-time buyers. These properties not only provide the potential for passive income but also contribute to the community by offering affordable housing options.

Whether you’re looking to expand your investment portfolio or find a comfortable place to call home, Fresno’s multi-family homes offer flexibility and potential. With various styles and sizes available, you can find the perfect property to suit your needs. Explore the possibilities in Fresno, where community, opportunity, and growth await!

Newest Fresno (FSNO) Homes with Multi Family Subtype

3940 E Burns, Fresno
$1,175,000
FR26078832 MLS ⋅ Active Status
Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units. This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units. Unit Mix and Interior Condition: Unit 1: $1,400. Fresh interior paint, new floors. Unit 2: $1,050. New flooring. Clean interior profile. Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom. Unit 4: $1,175. New bathroom. New flooring. New stove. Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes. Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher) Second Building (Units 7 and 8): Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint. Financial Summary: Total Monthly Income: $9,731.00 Total Annual Income: $116,772 Operating Expenses (Annual): Insurance: $4,700 Water and Sewer: $3,000 Trash: $2,800 Electric and Gas (Common): $900 Garden Care: $600 Pest Control: $600 Investment Highlights: Brand new Roof. Brand new outdoor paint. All units are 2 bed and 1 bath, the strongest rental configuration in this submarket. Uniform interior paint across all eight units within the last year. Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms. Stabilized rent roll with strong in place income. Clear value add runway through modernization of legacy units. This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.

3940 E Burns, Fresno
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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