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Michael Herbert

michael7herbert@gmail.com +1(559) 790-6254

$ 528,000

Est. payment -/mo

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1903 E Simpson Avenue Fresno, CA 93703

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

Listed by Ann Lee • Movoto, Inc.

Michael Herbert

Broker | DRE#01882579

+1(559) 790-6254

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Michael Herbert

Michael Herbert

1903 E Simpson Avenue Fresno, CA 93703

Key Details

Location

Interior

Exterior

Building

Schools

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1903 E Simpson Avenue