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 scene, Fresno is a place where community spirit thrives, making it an ideal location for families and investors alike. With its warm climate, beautiful parks, and a variety of recreational activities, Fresno offers a unique blend of urban convenience and natural beauty.

One of the most appealing aspects of Fresno's real estate market is the availability of multifamily homes. These properties cater to a range of buyers, from seasoned investors looking to expand their portfolios to families seeking additional income opportunities. Multifamily homes in Fresno come in various styles, from charming duplexes to more extensive apartment complexes, providing ample options to suit your needs.

Investing in multifamily properties in Fresno not only allows for potential rental income but also fosters a sense of community. The city's neighborhoods are welcoming, and many multifamily homes are located near schools, parks, and shopping centers, making them attractive to tenants. Additionally, Fresno's growing economy and job opportunities contribute to a steady demand for rental properties, ensuring a sound investment for years to come.

Whether you’re looking to invest, live, or both, Fresno's multifamily homes offer a unique opportunity to be part of a thriving community. Discover the charm of Fresno, where your dream of owning a multifamily property can become a reality!

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.