1903 East Simpson Avenue
$528,000
4
4
2,538
2,538
$208
Pending Accept Backup
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.
- Listed by Ann M Lee • DRE #01475485 • Movoto, Inc.
Property Details for 1903 East Simpson Avenue
Garage Spaces
4
Garage TypeAttached
Cross Street AddressShields/Blackstone
LISTING UPDATED: 11/27/2024 10:16 AM
Property Details for 1903 East Simpson Avenue
Status | Pending Accept Backup |
---|---|
MLS # | 620661 |
Days on Market | 33 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Quadruplex |
Year Built | 1952 |
Lot Size | 0.20 AC / 8,540 SF |
County | Fresno 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
Property History for 1903 East Simpson Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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