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3449 N Marks AVE Fresno, CA 93722
8 Beds
4 Baths
3,308 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,308 sqft
Price per Sqft $196
MLS Listing ID 651284
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1979
Lot Size 9,121 Sqft
Property Sub-Type Quadruplex
Property 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.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type One Unit
Exterior
Parking Features Open
Utilities Available Public Utilities
Roof Type Wood,Composition
Building
Lot Description Suburban
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by The JKRE Investment Group