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3940 E Burns

Fresno, CA 93725
  • $1,175,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: FR26090586
UPDATED: 173 min ago
$1,175,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Gautam Atri of Universal Realty Services, Inc (5592980180)


Description

Eight Unit Multifamily Investment Opportunity. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof.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: $1,050. Fresh interior paint.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.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: $9,381Total Annual Income: $112,572Operating Expenses (Annual):Insurance: $4,700Water and Sewer: $3,000Trash: $2,800Electric and Gas (Common): $900Garden Care: $600Pest Control: $600Investment Highlights: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.Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825,000. This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/175832752
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3940 E Burns Fresno, CA 93725

  • Price: $1,175,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 173 min ago
  • ID#: FR26090586
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1963
Built
County:
Fresno
Property Description
Eight Unit Multifamily Investment Opportunity. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof.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: $1,050. Fresh interior paint.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.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: $9,381Total Annual Income: $112,572Operating Expenses (Annual):Insurance: $4,700Water and Sewer: $3,000Trash: $2,800Electric and Gas (Common): $900Garden Care: $600Pest Control: $600Investment Highlights: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.Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825,000. This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.
Exterior Features

Carport Spaces 8 Carport YN Yes Entry Level 1 Entry Location 1 Number Of Separate Electric Meters 8 Open Parking Spaces 15 Parking Features Assigned Parking Total 23 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Electric Expense 450 Fuel Expense 450 Garage YN No Gross Income 112572 Gross Scheduled Income 112572 Insurance Expense 4700 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeGovernment Loan Net Operating Income 104672 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 7900 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 112572 Trash Expense 2800 Water Sewer Expense 3000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Gautam Atri of Universal Realty Services, Inc (5592980180)