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.
-
8BEDS
-
0.2ACRES
-
4BATHS
-
01/2 BATHS
-
3,136SQFT
-
$287$/SQFT
School Information
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.
© 2025 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2025-11-11T10:46:31.607.