2128 N First ST Active Save Request In-Person Tour Request Virtual Tour
Fresno,CA 93703
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,966 sqft
Price per Sqft $188
MLS Listing ID ML82020605
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,096
Lot Size 8,398 Sqft
Property Sub-Type Quadruplex
Property Description
This recently renovated 4-plex in Fresno's Mayfair neighborhood is a solid investment opportunity. All four units are fully occupied with strong rental rates and reliable tenants. The property has a spacious lot and large unit sizes with 4-car garages which is popular to both renters and investors. Located within walking distance of Manchester Center, a vibrant hub featuring a mall, movie theater, and weekly farmers market. A great commute location near popular local restaurants, schools, and main highways. Fresnos rental market is thriving, ranked as the 9th most competitive in the nation with a vacancy rate of just 2.9%, tying for the 6th lowest in the U.S.. Since 2019, fair market rents in Fresno have increased by 50%, with average monthly rents now at $1,285 and reaching up to $1,907 depending on unit size and location. The combination of a prime location, robust market fundamentals, and a fully leased, updated property positions this 4-plex as an attractive option for investors.
Location
State CA
County Fresno
Zoning R3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Refrigerator
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition
Accessibility None
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Fresno Unified
Others
Tax ID 44611129
Special Listing Condition Standard