Description
Excellent opportunity to own a well-maintained 4-plex in Fresno's Lowell neighborhood with strong in-place income and upside potential. The property generates $4,298 in total monthly rents, with all units being 2-bedroom / 1-bath units. Two units are currently rented at $1,150/month and two units at $999/month. All tenants are month-to-month, offering flexibility for future rent adjustments or repositioning.Two of the four units have been fully updated, providing immediate appeal and a clear value-add path for the remaining units. Major capital improvements have already been addressed, including a new roof installed in 2019. The property's balcony has been inspected and is fully compliant with SB-721, offering peace of mind and reduced deferred maintenance concerns.Located in the established Lowell neighborhood, this property is professionally managed and is ideal for investors seeking cash flow with upside, or owner-investors looking to live in one unit while improving returns over time. A solid multifamily asset with a strong rent roll, recent improvements, and future growth potential. Call your agent with any questions.
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8BEDS
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0.15ACRES
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4BATHS
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01/2 BATHS
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3,000SQFT
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$204$/SQFT
School Information
Description
Excellent opportunity to own a well-maintained 4-plex in Fresno's Lowell neighborhood with strong in-place income and upside potential. The property generates $4,298 in total monthly rents, with all units being 2-bedroom / 1-bath units. Two units are currently rented at $1,150/month and two units at $999/month. All tenants are month-to-month, offering flexibility for future rent adjustments or repositioning.Two of the four units have been fully updated, providing immediate appeal and a clear value-add path for the remaining units. Major capital improvements have already been addressed, including a new roof installed in 2019. The property's balcony has been inspected and is fully compliant with SB-721, offering peace of mind and reduced deferred maintenance concerns.Located in the established Lowell neighborhood, this property is professionally managed and is ideal for investors seeking cash flow with upside, or owner-investors looking to live in one unit while improving returns over time. A solid multifamily asset with a strong rent roll, recent improvements, and future growth potential. Call your agent with any questions.
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