Sold
4840 E University Avenue
Fresno CA, 93703
$630,000
$169.26 per sqft
Sold
8 Beds
4.5 Baths
3,722 sqft
Multi-family
Built in 1969
Fully occupied turnkey FOURPLEX! Three of the units are 2 bedrooms and 1 bathroom and have been renovated within the past 2 years, one unit has an extra half bathroom. Each unit has a single car garage and is separately metered for PG&E. Landlord is responsible for the City of Fresno utilities which include water, sewer, and trash. Laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Roof was last replaced approximately 15 years ago and one of the HVAC units was recently replaced. Current scheduled gross rents total $5,690/month. At asking, property performs at a 9.2 GRM and approximately 8.17% cap rate. Please DO NOT walk the grounds or disturb tenants, write offers subject to interior inspections.
622725
MLSⓇ ID
December 17, 2024
Listed
February 4, 2025
Updated
Map
4840 E University Avenue
Fresno CA, 93703
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4.5
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Heat/Cool
Heating
Yes
Exterior/Building Features
Lot Size
0.14 Acres
Exterior Features
Suburban
Lot Features
Suburban
Roof
Composition
Sewer
Public Sewer
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 |
---|---|---|
2/1/2025 | Sold | $630,000 |
Listed by The JKRE Investment Group, Jin Kim,
Listing Contact: 760-987-5332
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 2/4/2025 8:18 PM UTC.
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