4840 E University Ave
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4840 E University Ave
4 Unit Block of Flats £501,050 (£125,262/Unit) 8.17% Net Initial Yield Fresno, CA 93703
Executive Summary
Colliers | Fresno is pleased to present this fully occupied, turnkey fourplex, investment property available for sale in Fresno, California.
4840 E. University Avenue is a 4 unit property totaling approximately 3,720 square feet. Three units have 2 bedrooms and 1 bathroom and have been fully renovated within the past 2 years. One unit is 2 bedrooms and 1.5 bathroom. Each unit is approximately 930 square feet and has a single car garage. The laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Property roof was replaced approximately 15 years ago and one HVAC units was also recently replaced.
4840 E. University Avenue is a 4 unit property totaling approximately 3,720 square feet. Three units have 2 bedrooms and 1 bathroom and have been fully renovated within the past 2 years. One unit is 2 bedrooms and 1.5 bathroom. Each unit is approximately 930 square feet and has a single car garage. The laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Property roof was replaced approximately 15 years ago and one HVAC units was also recently replaced.
Property Facts
| Price | £501,050 | Apartment Style | Low Rise |
| Price Per Unit | £125,262 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 8.17% | Building Size | 3,720 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Price | £501,050 |
| Price Per Unit | £125,262 |
| Sale Type | Investment |
| Net Initial Yield | 8.17% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,720 SF |
| Number of Floors | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.07/1,000 SF |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 494-160-05 | Improvements Assessment | £230,525 |
| Land Assessment | £26,096 | Total Assessment | £256,621 |
PROPERTY TAXES
Parcel Number
494-160-05
Land Assessment
£26,096
Improvements Assessment
£230,525
Total Assessment
£256,621
zoning
| Zoning Code | RM-1 (Residential multifamily) |
| RM-1 (Residential multifamily) |
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4840 E University Ave
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