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2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
2904 North First Street
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$559,000

2904 North First Street

3,026 Sq.Ft.

Description

This 4-plex in Fresno's thriving Mayfair neighborhood has modern upgrades, strong cash flow, and excellent location in a high-demand rental market. All four spacious units are 100% leased with solid long-term tenants with upside potential in current rental market rates. This investment property is poised to deliver robust ROI for savvy investors. The property is on a huge lot with detached 4-car garages. In a good commuter-friendly location within walking distance of Manchester Centera dynamic retail hub with a movie theater and weekly farmers market. Fresno's rental market is red-hot, ranked the 9th most competitive nationwide with a mere 2.9% vacancy rate, tying for the 6th lowest in the U.S. Since 2019, fair market rents have skyrocketed 50%, averaging $1,285/month and peaking at $1,907/month for premium units.

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Location

2904 North First Street, FRESNO, CA 93703

Status

Pending
Robert Balina

Robert Balina

TITLE

Team Lead

Property Amenities

Interior
Appliances Oven, Range, Refrigerator, Gas Range
Flooring Laminate
Area & Lot
Total area 3,026 Sq.Ft.
Lot Area 9,099.68 Sq.Ft.
Living area 3,026 Sq.Ft.
MLS® ID ML82020609
Year Built 1955
School District Fresno Unified
Type Multi-Family
Status Pending
Exterior
Stories 1
Pool None
Air conditioning Wall/Window Unit(s)
Heat type Wall Furnace
Water Source Public
Garage Space 2.0
Security Features Other
Sewer Public Sewer
Parking Detached
Roof Composition
Finance
Sales Price $559,000
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Thank you for your interest in 2904 North First Street, FRESNO, CA 93703. We are reviewing your request and will be in touch shortly!

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