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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