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Income producing 8 Units 3940 E Burns Ave 8 Unit Apartment Building $1,195,000 ($149,375/Unit) 8.72% Cap Rate Fresno, CA 93725
Investment Highlights
- Brand New Roof
- Multiple upgraded interiors including modern kitchens, granite counters, new cabinets, updated bathrooms, and new flooring.
- Ideal for investors seeking an income producing asset with both immediate cash flow and long-term appreciation potential.
- Brand New Outdoor Paint
- Clear value add upside through modernization of legacy kitchens and finishes.
Executive Summary
Eight Unit Multifamily Investment Opportunity.?
Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.?
This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market.? Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property.? The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents.? This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.?
Unit Mix and Interior Condition:
Unit 1: $1,400.? Fresh interior paint, new floors.?
Unit 2: $1,050.? New flooring.? Clean interior profile.?
Unit 3: $1,200.? New flooring.? Fully remodeled kitchen with granite and new cabinets.? New bathroom.?
Unit 4: $1,175.? New bathroom.? New flooring.? New stove.?
Unit 5: $1,250.? Full renovation completed one year ago.? Modern kitchen, bath, flooring, and finishes.?
Unit 6: $1,541.? New windows.? New paint.? New stove.? (Hosing Voucher)
Second Building (Units 7 and 8):
Unit 7: $1,090.?
Unit 8: $1,025.? New bathroom.? New kitchen with cabinets, granite, and stove.? New flooring and new paint.?
Financial Summary:
Total Monthly Income: $9,731.00
Total Annual Income: $116,772
Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600
Investment Highlights:
Brand new Roof.?
Brand new outdoor paint.?
All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.?
Uniform interior paint across all eight units within the last year.?
Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.?
Stabilized rent roll with strong in place income.?
Clear value add runway through modernization of legacy units.?
This 8-unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential.? There is room for improvements in the rents.?
Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units.?
This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market.? Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property.? The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents.? This is a stabilized, income producing asset with clear upside through continued modernization of legacy units.?
Unit Mix and Interior Condition:
Unit 1: $1,400.? Fresh interior paint, new floors.?
Unit 2: $1,050.? New flooring.? Clean interior profile.?
Unit 3: $1,200.? New flooring.? Fully remodeled kitchen with granite and new cabinets.? New bathroom.?
Unit 4: $1,175.? New bathroom.? New flooring.? New stove.?
Unit 5: $1,250.? Full renovation completed one year ago.? Modern kitchen, bath, flooring, and finishes.?
Unit 6: $1,541.? New windows.? New paint.? New stove.? (Hosing Voucher)
Second Building (Units 7 and 8):
Unit 7: $1,090.?
Unit 8: $1,025.? New bathroom.? New kitchen with cabinets, granite, and stove.? New flooring and new paint.?
Financial Summary:
Total Monthly Income: $9,731.00
Total Annual Income: $116,772
Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600
Investment Highlights:
Brand new Roof.?
Brand new outdoor paint.?
All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.?
Uniform interior paint across all eight units within the last year.?
Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.?
Stabilized rent roll with strong in place income.?
Clear value add runway through modernization of legacy units.?
This 8-unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential.? There is room for improvements in the rents.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$116,772
|
$22.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,772
|
$22.72
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,600
|
$2.45
|
| Net Operating Income |
$104,172
|
$20.27
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $116,772 |
| Annual Per SF | $22.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,772 |
| Annual Per SF | $22.72 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,600 |
| Annual Per SF | $2.45 |
| Net Operating Income | |
|---|---|
| Annual | $104,172 |
| Annual Per SF | $20.27 |
Property Facts
| Price | $1,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.72% | Building Size | 5,140 SF |
| Gross Rent Multiplier | 10.23 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1963/2026 |
| Property Type | Multifamily | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2 | ||
| Price | $1,195,000 |
| Price Per Unit | $149,375 |
| Sale Type | Investment |
| Cap Rate | 8.72% |
| Gross Rent Multiplier | 10.23 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 5,140 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2026 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,400 | 675 |
| 2+1 | 1 | $1,050 | 675 |
| 2+1 | 1 | $1,200 | 675 |
| 2+1 | 1 | $1,175 | 675 |
| 2+1 | 1 | $1,250 | 675 |
| 2+1 | 1 | $1,541 | 675 |
| 2+1 | 1 | $1,090 | 675 |
| 2+1 | 1 | $1,025 | 675 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 480-273-01 | Improvements Assessment | $201,033 |
| Land Assessment | $29,368 | Total Assessment | $230,401 |
Property Taxes
Parcel Number
480-273-01
Land Assessment
$29,368
Improvements Assessment
$201,033
Total Assessment
$230,401
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Income producing 8 Units | 3940 E Burns Ave