3940 E Burns AVE, Fresno, CA 93725
3940 E Burns AVE, Fresno, CA 93725
3940 E Burns AVE, Fresno, CA 93725
3940 E Burns AVE, Fresno, CA 93725
3940 E Burns AVE, Fresno, CA 93725
3940 E Burns AVE, Fresno, CA 93725
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Cecilia Magallon

Cecilia Magallon

+1(209) 345-7212
$ 1,175,000
Est. payment | /mo

16 Beds

8 Baths

5,400 SqFt

Save
$ 1,175,000
Est. payment | /mo
Save

16 Beds

8 Baths

5,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $217

MLS Listing ID 647009

Bedrooms 16

Full Baths 8

HOA Y/N No

Year Built 1963

Lot Size 0.293 Acres

Property Sub-Type Multi Family

Property Description

Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.Unit Mix and Interior Condition:Unit 1: $1,400. Fresh interior paint, new floors.Unit 2: $1,050. New flooring. Clean interior profile.Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom.Unit 4: $1,175. New bathroom. New flooring. New stove.Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes.Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher)Second Building (Units 7 and 8):Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint.Financial Summary:Total Monthly Income: $9,731.00Total Annual Income: $116,772Operating Expenses (Annual):Insurance: $4,700Water and Sewer: $3,000Trash: $2,800Electric and Gas (Common): $900Garden Care: $600Pest Control: $600Investment Highlights:Brand new Roof.Brand new outdoor paint.All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.Uniform interior paint across all eight units within the last year.Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.Stabilized rent roll with strong in place income.Clear value add runway through modernization of legacy units.This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.

Location

State CA

County Fresno

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Exterior

Parking Features Carport, Covered, Open

Community Features Utility Room

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Fresno Unified

Fresno MLS
Listed by Universal Realty Services, Inc.

Nearby Locations

Cecilia Magallon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(209) 345-7212

cecilia.realestate@gmail.com

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3940 E Burns AVE