3449 N Marks Avenue, Fresno, CA 93722
- $649,900
- 8
- BD
- 4
- BA
- 3,308
- SqFt
- List Price
- $649,900
- Status
- ACTIVE
- Days on Market
- 73
- MLS#
- 651284
- Subtype
- Residential Income
- Year Built
- 1979
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,308
- Lot Size
- 9,121
- Acres
- 0.21
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.
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Additional Information
- Air Conditioning
- Central Heat/Cool
- Stories
- 1
- Levels
- One
- Roof
- Wood, Composition
- Foundation
- Concrete Perimeter
- Parking Features
- Open
- School District
- Fresno Unified
Listing courtesy of listing agent with The JKRE Investment Group, 559-212-4489.
Based on information from the Fresno Association of REALTORS® as of . 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.