1614 B Street, Fresno, California 93706, Fresno, 93706 - 9 bed, 3 bath
ACTIVE$499,500
1614 B Street, Fresno, California 93706
9Beds
3Baths
2,652Sqft
7,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Producing Asset: The property is explicitly stated as an 'income producing triplex,' offering immediate cash flow for investors.
Top Cons:
Age of Property: Built in 1984, the property is 40 years old, which may indicate older systems (plumbing, electrical, HVAC) and potential for deferred maintenance or upcoming capital expenditures.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1984 (41 years old).
Condition: Built in 1984, this 40-year-old triplex shows signs of regular upkeep but lacks modern updates. The kitchen features dated light wood cabinets, older countertops, and black appliances, indicating it has not been renovated recently. While flooring appears to be in decent condition, the overall aesthetic and fixtures are outdated. The property is functional and livable but requires cosmetic updates to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Year Built
1984
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
FR25199191
Home ConditionFair
Features
View-
About this home
Welcome to B St! An income producing triplex in the heart of fresno. Fully rented out with long term tenants. Look no further for your next investment property. Call today to get started on, or to add to your investment portfolio. Additional listings 1120 San Joaquin St, 1624 B St, 1622 B St, 1620 B St, 1636 B St.
Condition Rating
Fair
Built in 1984, this 40-year-old triplex shows signs of regular upkeep but lacks modern updates. The kitchen features dated light wood cabinets, older countertops, and black appliances, indicating it has not been renovated recently. While flooring appears to be in decent condition, the overall aesthetic and fixtures are outdated. The property is functional and livable but requires cosmetic updates to meet current quality and style standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Income-Producing Asset: The property is explicitly stated as an 'income producing triplex,' offering immediate cash flow for investors.
Stable Tenancy: Currently 'fully rented out with long term tenants,' which provides stability, reduces vacancy risk, and ensures consistent rental income.
Investment Focus: Clearly marketed as an investment property, appealing directly to buyers looking to expand or start their real estate portfolio.
Multi-Unit Property: As a triplex, it offers diversified income streams compared to a single-family home, mitigating risk if one unit becomes vacant.
Portfolio Expansion Opportunity: The listing mentions additional properties for sale nearby (1120 San Joaquin St, 1624 B St, 1622 B St, 1620 B St, 1636 B St), presenting a unique chance for a buyer to acquire multiple assets in the same area.
Cons
Age of Property: Built in 1984, the property is 40 years old, which may indicate older systems (plumbing, electrical, HVAC) and potential for deferred maintenance or upcoming capital expenditures.
Limited Property Details: The description lacks specific information regarding individual unit conditions, recent upgrades, or current rental income figures, which are crucial for a thorough investment analysis.
No Mention of Condition/Upgrades: For a property of its age, the absence of details about renovations, updates, or the overall condition of the units could imply a need for significant future investment to maintain or improve desirability.