3940 E Burns Ave - Apartments FOR SALE


Fresno, CA 93725- Calwa
$1,195,000 USD
559-917-1113
3940 E Burns Ave, Fresno, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/39
null | 8.72% Cap Rate

3940 E Burns Ave
Fresno, CA 93725
Calwa


HIGHLIGHTS

  • Brand New Roof
  • Brand New Outdoor Paint
  • Multiple upgraded interiors including modern kitchens, granite counters, new cabinets, updated bathrooms, and new flooring.
  • Clear value add upside through modernization of legacy kitchens and finishes.
  • Ideal for investors seeking an income producing asset with both immediate cash flow and long-term appreciation potential.

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

8

PRICE/UNIT

$149,375

CAP RATE

8.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income producing 8 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,759 SF

ZONING

R2

APN/PARCEL ID

480-273-01

ASK ABOUT THIS PROPERTY

Gautam AtriUniversal Realty Services, IncMore Info
559-917-1113

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Gautam AtriUniversal Realty Services, IncMore Info
559-917-1113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.