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$ 535,000
Est. payment /mo
Pending
337 N Effie ST #101 Fresno, CA 93701
10 Beds
4 Baths
2,634 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,634 sqft
Price per Sqft $203
MLS Listing ID 622603
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 2007
Lot Size 7,501 Sqft
Property Sub-Type Duplex
Property Description
This well-maintained duplex offers incredible dual-income potential with two large units, each featuring:🛏 5 Bedrooms & 🛁 2 Bathrooms + 🚗 1-Car Garage per Unit - Total: 10 Beds / 4 Baths💰 Investment HighlightsRental Income:🔹 Both units currently rented - Total Monthly Income: $4,601🔹 Tenants Pay Utilities! - Each unit is separately metered for water, sewer, and garbage, a major investor advantage that enhances net income.🔹 Washer & Dryer Hookups in both units increase tenant retention and demand.🔹 Projected Rent Potential:According to 2024 Fresno Housing Authority Payment Standards, rent could reach $2,975 per unit, offering potential gross income of $5,950/month!Strong Cash Flow + Cap Rate PotentialCompetitive pricing aligned with high cap rates and long-term appreciation prospects.📍 Prime Central LocationWalking distance to Community Regional Medical Center & Downtown FresnoLess than 1 mile from Highway 41 - Easy access for commutersMinutes to the Tower District - Fresno's hotspot for restaurants, nightlife, and arts🏡 Property Features Summary:🏘️ Duplex - 2 Units (5 Bed / 2 Bath Each)🚗 1-Car Garage per Unit--Total 2 garages🔌 Separate Utility Meters (Tenants Pay)🧺 Washer/Dryer Hookups💵 High Income Potential - Increase rent as per CA Law--every year📞 Contact Your Agent Today
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Garage Spaces 2.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter
Sewer On, Public Sewer
Water Public
Schools
High Schools Fresno Unified
Others
Virtual Tour https://youtu.be/Xj-RYeRfgQA
Listed by Realty Concepts, Ltd. - Clovis