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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