$528,000
1903 E Simpson Avenue Fresno, CA 93703
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$528,000
Est. payment /mo
4 Beds
4 Baths
2,538 SqFt
UPDATED:
10/25/2024 10:25 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,538 sqft
Price per Sqft $208
MLS Listing ID 620661
Bedrooms 4
Year Built 1952
Lot Size 8,542 Sqft
Property Description
Fully Occupied 4-Plex in Prime Corner Location! Discover an exceptional investment opportunity with this fully occupied 4-Plex situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants.Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed abrand new roof w/ 10 yr. warranty for half of bldg. for $8200. Other half has 5 yr. warranty. Currently leased w/$44,040 gross per yr. (3 units pay $1K and 1 section 8 $670 that should increase to fair value w/ new owner) $50,400 potential.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience, accessibility, and vibrant community living.
Location
State CA
County Fresno
Area 703
Interior
Heating Evaporative, Floor or Wall Heat, Window or Wall A/C
Cooling Evaporative, Floor or Wall Heat, Window or Wall A/C
Flooring Concrete Perimeter
Fireplaces Type None
Exterior
Exterior Feature Wood
Garage Garage
Garage Spaces 4.0
Roof Type Composition
Parking Type Garage
Building
Story Two
Sewer Public Water
Water Public Water
Schools
Elementary Schools Hamilton
Middle Schools Fort Miller
High Schools Fresno
School District Fresno Unified
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Ann Lee • Movoto, Inc.
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