35
See all 35 photos
$1,195,000
Est. payment /mo
0.29 Acres Lot
Active
3940 E Burns Fresno, CA 93725
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID FR26090586
HOA Y/N No
Year Built 1963
Lot Size 0.293 Acres
Property Sub-Type Apartment
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: $9,731.00
Total Annual Income: $116,772
Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600
Investment 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.
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: $9,731.00
Total Annual Income: $116,772
Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600
Investment 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
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Carport Spaces 8
Pool None
Community Features Curbs
Total Parking Spaces 23
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 48027301
Energy Description 450.0
Acceptable Financing Cash, Conventional, 1031 Exchange, Government Loan
Listing Terms Cash, Conventional, 1031 Exchange, Government Loan
Special Listing Condition Standard
Listed by Gautam Atri Universal Realty Services, Inc 559-917-1113, DRE #02050505
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION