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 communities. With a population that thrives on a blend of cultures, Fresno is a place where tradition meets modernity, offering residents a unique lifestyle that is both welcoming and dynamic.

Fresno's real estate market is particularly appealing for those interested in multi-family homes. These properties not only provide a fantastic investment opportunity but also foster a sense of community. Imagine owning a charming duplex or a well-maintained triplex, where you can live in one unit while renting out the others. This flexibility is perfect for families looking to maximize their investment or individuals seeking to supplement their income.

The multi-family homes in Fresno come in various styles and sizes, catering to different needs and preferences. From classic bungalows to contemporary builds, there’s something for everyone. These properties are strategically located near essential amenities, including schools, parks, shopping centers, and public transportation, making them ideal for both tenants and owners.

Moreover, Fresno's warm climate and beautiful landscapes provide a stunning backdrop for these homes. With easy access to the Sierra Nevada mountains and numerous outdoor recreational activities, residents can enjoy everything from hiking and biking to wine tasting in the nearby vineyards.

Investing in a multi-family home in Fresno not only offers financial benefits but also the chance to be part of a thriving community. Whether you’re a seasoned investor or a first-time buyer, Fresno is a place where your dreams can take root and flourish. Come explore the possibilities today!

Newest Fresno (FSNO) Homes with Multi Family Subtype

$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.