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https://www.londonproperties.com/property/link/fresno/651284/3449-N-Marks-Ave/Fresno/https://www.londonproperties.com/images/props/fresno/full/651284.jpgLondon Properties Fresno Real Estate | 3449 N Marks Ave
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.
Property Type
Multi Family
Property Subtype 1
Quadruplex
Year Built
1979
Region
Suburban
Stories
One
Total Units
4
Price Per Square Foot
$196
Price Per Acre
$3,103,629
Days On London
0
Cumulative Days On London
0
County
Fresno
REO / Bank Owned
No
Cross Street Address
N Marks/W Dakota
Directions
Exit Northbound 99 on W Ashlan Ave and turn right heading east. Continue on east on Ashlan Ave and turn right onto N Marks Ave heading south. Continue south on N marks Ave, the property will be on your right-hand side.
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0
Last modified 5 hours ago Fresno MLS last checked for updates 6 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
