2904 N First ST new Save Request In-Person Tour Request Virtual Tour
Fresno,CA 93703
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,026 sqft
Price per Sqft $184
MLS Listing ID ML82020609
Bedrooms 6
Full Baths 4
Year Built 1955
Lot Size 9,100 Sqft
Property Sub-Type Fourplex
Property Description
This 4-plex in Fresno's thriving Mayfair neighborhood has modern upgrades, strong cash flow, and excellent location in a high-demand rental market. All four spacious units are 100% leased with solid long-term tenants with upside potential in current rental market rates. This investment property is poised to deliver robust ROI for savvy investors. The property is on a huge lot with detached 4-car garages. In a good commuter-friendly location within walking distance of Manchester Centera dynamic retail hub with a movie theater and weekly farmers market. Fresno's rental market is red-hot, ranked the 9th most competitive nationwide with a mere 2.9% vacancy rate, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents have skyrocketed 50%, averaging $1,285/month and peaking at $1,907/month for premium units (Apartments.com).
Location
State CA
County Fresno
Zoning R3
Rooms
Kitchen Oven Range - Gas,Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable