About This Home
This 16-bedroom, 8-bathroom residential multi family at 3940 E Burns Avenue in Fresno, CA is listed for $1,175,000 ($218 per sqft). Built in 1963, the home offers 5,400 sqft of living space on a 0.29 acres lot.
Key Features
- Built in 1963
- 0.29 acre lot
- 2 stories
Property Details
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: $3,000T
rash: $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 coun
ters, 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.
Monthly Cost Estimate
$6,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3940 E Burns Avenue
Fresno, CA 93725
Features & Amenities
Exterior Features
Property Details
Parking
Questions & Answers
This 16-bedroom, 8-bathroom residential multi family at 3940 E Burns Avenue is listed at $1,175,000 ($218/sqft). The estimated monthly payment is $6,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1963, 0.29 acre lot, 2 stories. Exterior Features: Stucco, Stone.
This property is listed by Gautam Atri and can be reached at (559) 285-4841.
