3365 E Fairmont AVE new Save Request In-Person Tour Request Virtual Tour
Fresno,CA 93726
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $286
MLS Listing ID 634673
Bedrooms 8
Full Baths 4
Year Built 1966
Lot Size 8,820 Sqft
Property Sub-Type Quadruplex
Property Description
This fully occupied 8-unit multifamily offering presents a rare opportunity to acquire two side-by-side fourplexes located at 3357 and 3365 E Fairmont Ave in Fresno, CA. Priced at $1,650,000, the property delivers a current cap rate of 6.76% with total monthly gross rents of $11,425. Each unit features a 2-bedroom, 1-bath layout, and tenants benefit from dedicated covered carport parking. The property is well-maintained and includes recent upgrades such as dual-pane windows, enhancing energy efficiency and overall tenant satisfaction. A shared on-site laundry facility offers both added convenience for residents and an additional income stream for the owner. Ideally situated just south of the East Shaw Avenue retail corridor, the location offers easy access to Fashion Fair Mall, California State University Fresno, restaurants, and shoppingmaking it a consistently attractive rental market. This turnkey asset offers immediate cash flow, long-term stability, and a strong presence in a high-demand area. Please do not walk the property or disturb tenants. All offers should be made subject to interior inspections.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type More than One Unit
Exterior
Parking Features Carport,Covered
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified