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Sold for $490,000 on 04/01/25
  • $490,000

    1903 E Simpson Ave, Fresno, CA 93703

    4beds
    4baths
    2,538sqft
    Multi Family, Quadruplex
    Built in 1952
    -- sqft lot
    $-- Zestimate®
    $193/sqft
    $1,166 Estimated rent

    What's special

    Discover an exceptional investment opportunity! Rare fully occupied 4-Plex each w/ individual large garages & parking for 2 cars 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 new roof w/ 10 yr. warranty for half of bldg.($8200). Currently leased w/$47,052 gross per yr. (2 units pay $1K, 1 unit $1250 and 1 section 8 @ $671 waiting to increase @$1250 w/new owner) $60K gross potential. Tenant pays utilities and landlord pays $325 water.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 and accessibility.

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2025 at 03:48pm

    Listed by:

    Ann M. Lee DRE #01475485 559-999-4266,

    Movoto, Inc.

    Bought with:

    Na Landseadal, DRE #01799795

    Rod Aluisi Real Estate

    Source: Fresno MLS,MLS#: 625895Originating MLS: Fresno MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Floor or Wall Heat
    Cooling
    • Evaporative Cooling, Wall/Window Unit(s)
    Appliances
    • Included: Refrigerator: All Units, Disposal: All units, Stove: All units
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,538
    • Total interior livable area: 2,538 sqft

    Property

    Parking
    • Parking features: Garage
    • Has attached garage: Yes
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,542 sqft
    • Features: Urban, Corner Lot
    Details
    • Parcel number: 44503214

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Materials
    • Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1952

    Utilities & green energy

    • Water: Public
    • Utilities for property: Public Utilities

    Community & neighborhood

    Location
    • Region: Fresno

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Unit Rent, Lease
    • Listing terms: Conventional,Cash
    Services availability
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