Fresno (FSNO) Homes with Multi Family Subtype

Welcome to Fresno, California, a vibrant city nestled in the heart of the San Joaquin Valley. Known for its rich agricultural heritage and diverse cultural landscape, Fresno offers a unique blend of urban amenities and suburban charm. With its sunny weather, beautiful parks, and a thriving arts scene, Fresno is an inviting place to call home.

For those seeking investment opportunities or a multi-generational living arrangement, Fresno's multi-family homes present a fantastic option. These properties, designed to accommodate multiple families or tenants, are not only a smart investment but also foster a sense of community. With the rising demand for rental properties in the area, owning a multi-family home in Fresno can provide a steady income stream while allowing you to enjoy the benefits of homeownership.

Fresno boasts a variety of neighborhoods, each with its own unique character. From the historic charm of the Tower District to the family-friendly atmosphere of Clovis, there’s a perfect spot for everyone. Multi-family homes in Fresno often feature spacious layouts, modern amenities, and proximity to local attractions such as parks, shopping centers, and schools.

Additionally, the region's strategic location makes it a hub for those commuting to nearby cities like Sacramento and Los Angeles, enhancing its appeal for renters and homeowners alike. Whether you're looking to invest or find a home that accommodates your family’s needs, Fresno’s multi-family properties offer a blend of comfort, community, and opportunity. Come explore what this dynamic city has to offer!

Newest Fresno (FSNO) Homes with Multi Family Subtype

$1,175,000

FR26078832 MLS ⋅ Active Status

Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units. This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units. Unit Mix and Interior Condition: Unit 1: $1,400. Fresh interior paint, new floors. Unit 2: $1,050. New flooring. Clean interior profile. Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom. Unit 4: $1,175. New bathroom. New flooring. New stove. Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes. Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher) Second Building (Units 7 and 8): Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint. Financial Summary: Total Monthly Income: $9,731.00 Total Annual Income: $116,772 Operating Expenses (Annual): Insurance: $4,700 Water and Sewer: $3,000 Trash: $2,800 Electric and Gas (Common): $900 Garden Care: $600 Pest Control: $600 Investment Highlights: Brand new Roof. Brand new outdoor paint. All units are 2 bed and 1 bath, the strongest rental configuration in this submarket. Uniform interior paint across all eight units within the last year. Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms. Stabilized rent roll with strong in place income. Clear value add runway through modernization of legacy units. This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.

3940 E Burns, Fresno

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.