1903 East Simpson Avenue

Fresno, CA 93703

$528,000
Price
4
Beds
4
Baths
2,538 Sq. Ft.
$208 / Sq. Ft.
2,538
Sq. Ft.
$208
per Sq. Ft.

Description

Fully Occupied 4-Plex in Prime Corner Location! Discover an exceptional investment opportunity with this fully occupied 4-Plex situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages...Fully Occupied 4-Plex in Prime Corner Location! Discover an exceptional investment opportunity with this fully occupied 4-Plex situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants. Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed abrand new roof w/ 10 yr. warranty for half of bldg. for $8200. Other half has 5 yr. warranty. Currently leased w/$44,040 gross per yr. (3 units pay $1K and 1 section 8 $670 that should increase to fair value w/ new owner) $50,400 potential. Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience, accessibility, and vibrant community living.
  1. Listed by Ann M Lee • DRE #01475485 • Movoto, Inc.

Property Details for 1903 East Simpson Avenue

Garage Spaces
4
Garage Type
Attached
Cross Street Address
Shields/Blackstone
LISTING UPDATED: 11/27/2024 10:16 AM

Property Details for 1903 East Simpson Avenue

StatusPending Accept Backup
MLS #620661
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Quadruplex
Year Built1952
Lot Size0.20 AC / 8,540 SF
CountyFresno County

Building Information for 1903 East Simpson Avenue

Stories-Residences4Year Built1952Building Size-Lot Size0.20 AC / 8,540 SF

Property Information for 1903 East Simpson Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: North on Blackstone, right on Cornell, left on Effie, right on Simpson
  • Census Tract: .00
School Information
  • Schools Comment: Buyer's to verify
  • School Name 1: Fresno
  • School Name 2: Fort Miller
  • School Name 3: Hamilton
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Garage
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 44503214
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Disposal: All units
  • Total Buildings: 1
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water
Interior and Exterior Features
Exterior Features
  • Exterior: Wood
  • Foundation: Concrete Perimeter
  • Roofing: Composition
  • Site Amenities: Corner
Interior Features
  • Heat/Cool: Evaporative, Floor or Wall Heat, Window or Wall A/C
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
Multi Family
Income & Expenses Information
  • Annual Expense: $10,600.00
  • Annual Income: $44,040.00
  • Expenses Include: Maintenance/Repair, Insurance, Water, Sewer
  • Income Includes: Unit Rent, Lease
  • Net Income: $33,440.00
  • Total Units: 4
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 1
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,000.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: 2
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,000.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: 3
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,000.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: 4
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $670.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas
  • Lease Type: Net

Property History for 1903 East Simpson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1903 East Simpson Avenue

Taxable ValueLand$52,020Additions$363,099Total$415,119
Tax Record2024$5,326 ($444 / month)
Home Facts
Total Finished SqFt2,538 SqFtAbove Grade Finished SqFt2,538 SqFtStories2Lot Size8,540 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952ZoningRM1CountyFRESNOAPN445-032-14Fireplace TypeHas Fireplace

Schools near 1903 East Simpson Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Birney Elementary School
PublicK to 6

Scandinavian Middle School
Public7 to 8

Mclane High School
Public9 to 12

Crescent View West Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Movoto, Inc.

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.