Pending
Pending AcceptBackup
1903 E Simpson Avenue
Fresno CA, 93703
$528,000
$208.04 per sqft
Pending
Pending AcceptBackup
4 Beds
4 Baths
2,538 sqft
Multi-family
Built in 1952
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.
620661
MLSⓇ ID
October 25, 2024
Listed
November 27, 2024
Updated
Map
1903 E Simpson Avenue
Fresno CA, 93703
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Appliances
Refrigerator: All Units, Disposal: All units, Stove: All units
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Evaporative Cooling, Wall/Window Unit(s)
Heating
Yes
Heating Description
Floor or Wall Heat
Exterior/Building Features
Lot Size
0.2 Acres
Exterior Features
Urban, Corner Lot
Lot Features
Urban, Corner Lot
Roof
Composition
School Information
School District
Fresno Unified
Other Property Details
Area Name
703
Garage
Yes
Garage Spaces
4
Parking
Garage
View
No
County
Fresno
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/27/2024 | Pending | — |
Listed by Movoto, Inc., Ann M. Lee,
Listing Contact: 559-999-4266
All properties are subject to prior sale, change or withdrawal. 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. The information being provided is 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. Data last updated 11/27/2024 6:53 PM UTC.
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