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.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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