3449 N Marks AVE, Fresno, CA 93722
3449 N Marks AVE, Fresno, CA 93722
3449 N Marks AVE, Fresno, CA 93722
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$649,900
Est. payment /mo
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8 Beds
4 Baths
3,308 SqFt
New

3449 N Marks AVE Fresno, CA 93722

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Darren Wade

Darren Wade

+1(559) 312-7467

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

Fresno MLS
Listed by The JKRE Investment Group

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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3449 N Marks AVE