$649,900

3449 N Marks Ave, Fresno, CA 93722

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8 bd · 4.0 ba · 3,308 sqft · $196/sqft · 0.21 acres

Residential Income · Quadruplex · Built 1979 · 108 days on Properkey

Description

3449 N Marks Ave is a 4 unit multifamily investment opportunity located in Fresno's 93722 zip code. The property features a uniform unit mix, all four units offering 2 bedroom, 1 bathroom floor plans, each with the added convenience of in unit washer and dryer hookups, a feature that supports strong tenant retention.One of the four units is currently vacant and being actively marketed for lease. This gives an incoming buyer the ability to place a new tenant at current market rent shortly after close of escrow, providing immediate upside potential. Based on current and projected income, this opportunity represents approximately a 6.6% or greater cap rate in year one. The 93722 zip code continues to remain a strong performing rental submarket within Fresno, making this an attractive entry point for an investor seeking a well positioned, income producing multifamily asset.

Agent & source

Listed by
Jin Kim
Brokerage
The JKRE Investment Group
DRE
#01456017
MLS # 651284 Source FRESNO

Property details

Rooms & Layout

Levels
One
Bedrooms
8
Bathrooms
4.0 (4 full)

Property Features

Lot features
Suburban

Building & Construction

Construction Materials
Wood Siding
Roof
Wood, Composition
Foundation
Concrete Perimeter

Exterior & Parking

Parking
Open parking, Open

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool
Fireplace
One Unit

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
On
Public Utilities

Nearby

Active Pending Closed Rental
High
Fresno Unified District

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  3. 3.Finalize your offer. Your agent will prepare your offer and negotiate on your behalf.
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