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3449 N Marks Ave 4 Unit Apartment Building $649,900 ($162,475/Unit) 7% Cap Rate Fresno, CA 93722
Investment Highlights
- Washer/dryer hookups in each
- Turnkey Investment
- Housing Voucher Tenants
- Located near Freeway 99 unit
- Gated Property
Executive Summary
3449 N Marks Ave is a four unit multifamily property located in Fresno’s 93722 zip code. The property offers a uniform unit mix, with all four units featuring 2 bedroom, 1 bathroom floor plans. Each unit is equipped with in unit washer and dryer hookups, a highly desirable amenity that supports strong tenant retention and attracts longer term residents.
The property is gated, with each unit’s front entrance situated behind fencing, providing residents with an added layer of security and privacy. Uncovered parking is located at the rear of the property for tenant use.
Three of the four units are currently occupied, with the remaining unit actively being marketed for lease. The property currently benefits from Section 8 Housing Choice Voucher tenancy, with a portion of the monthly rent guaranteed directly by the Housing Authority, providing consistent and reliable income collection.
The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.
The property is gated, with each unit’s front entrance situated behind fencing, providing residents with an added layer of security and privacy. Uncovered parking is located at the rear of the property for tenant use.
Three of the four units are currently occupied, with the remaining unit actively being marketed for lease. The property currently benefits from Section 8 Housing Choice Voucher tenancy, with a portion of the monthly rent guaranteed directly by the Housing Authority, providing consistent and reliable income collection.
The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.
Property Facts
| Price | $649,900 | Apartment Style | Low-Rise |
| Price Per Unit | $162,475 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7% | Building Size | 3,308 SF |
| Gross Rent Multiplier | 10.34 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $649,900 |
| Price Per Unit | $162,475 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10.34 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,308 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 4/1,000 SF |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 433-450-06 | Improvements Assessment | $360,900 |
| Land Assessment | $43,743 | Total Assessment | $404,643 |
Property Taxes
Parcel Number
433-450-06
Land Assessment
$43,743
Improvements Assessment
$360,900
Total Assessment
$404,643
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3449 N Marks Ave
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