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3365 E Fairmont AVE Fresno, CA 93726
8 Beds
4 Baths
3,136 SqFt
UPDATED:
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
HOA Y/N No
Year Built 1966
Lot Size 8,820 Sqft
Property Sub-Type Quadruplex
Property Description
8-Unit Investment Opportunity | Fully Occupied | 6.76% Cap Rate | $1,650,000Presenting a rare opportunity to acquire two side-by-side fourplexes located at 3357 & 3365 E Fairmont Ave, Fresno, CA 93726. These well-maintained, income-producing properties offer a total of 8 units, each consisting of 2 bedrooms and 1 bathroom, with dedicated covered carport parking for tenants.The property is currently fully occupied, generating $11,425 in monthly gross rents, delivering a 6.76% cap rate at the current asking price. A shared on-site laundry facility offers added convenience for tenants and provides additional income potential for the owner.Recent upgrades include dual-pane windows installed within the past few years, enhancing energy efficiency and tenant satisfaction.Strategically located just south of the East Shaw Ave Retail Corridor, residents enjoy proximity to Fashion Fair Mall, restaurants, shopping, and California State University Fresno, making this an attractive rental location.🔹 8 Units Total - Can Be Sold Together🔹 $1,650,000 Total Asking Price for 8 Units🔹 Turnkey Investment🔹 Fully Occupied - Immediate Cash Flow🔹 On-site Laundry for Extra Income🔹 Updated Dual-Pane Windows🔹 Strong Rental Area Near CSU Fresno & Fashion Fair MallPlease do not walk the grounds or disturb tenants. Write offers 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 On, Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by The JKRE Investment Group
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