1620 B Street, Fresno, California 93706, Fresno, 93706 - 9 bed, 3 bath
ACTIVE$499,500
1620 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 described as an income-producing triplex, offering immediate revenue generation for an investor.
Top Cons:
Limited Property Condition Details: The description lacks specific information regarding the physical condition of the units, recent upgrades, or potential deferred maintenance, which is crucial for an investment property.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1984 (41 years old).
Condition: The property was built in 1984, making it 40 years old. While it appears to be maintained and functional, the interior images, especially the kitchen, show dated features such as light wood cabinets, older laminate countertops, and black appliances. The light fixtures are basic and the overall aesthetic suggests regular upkeep but a lack of extensive modern renovations. It is functional but requires minor updates to meet current quality and style standards.
Year Built
1984
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
FR25199215
Home ConditionFair
Features
Patio
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 1614 B St, 1624 B St, 1622 B St, 1120 San Joaquin St, 1636 B St.
Condition Rating
Fair
The property was built in 1984, making it 40 years old. While it appears to be maintained and functional, the interior images, especially the kitchen, show dated features such as light wood cabinets, older laminate countertops, and black appliances. The light fixtures are basic and the overall aesthetic suggests regular upkeep but a lack of extensive modern renovations. It is functional but requires minor updates to meet current quality and style standards.
Pros & Cons
Pros
Income-Producing Asset: The property is explicitly described as an income-producing triplex, offering immediate revenue generation for an investor.
Stable Tenancy: All units are fully rented out with long-term tenants, ensuring consistent cash flow and minimizing vacancy risk.
Investment Portfolio Addition: Positioned as an ideal asset to start or expand an investment portfolio, appealing directly to real estate investors.
Multi-Unit Property: As a triplex, it offers diversified income streams compared to a single-family rental, potentially reducing risk.
Potential for Portfolio Expansion: The listing mentions additional properties for sale on B St and San Joaquin St, suggesting an opportunity to acquire multiple assets in the same area for streamlined management.
Cons
Limited Property Condition Details: The description lacks specific information regarding the physical condition of the units, recent upgrades, or potential deferred maintenance, which is crucial for an investment property.
Absence of Financial Performance Data: Key investment metrics such as current rental income, expenses, or cap rate are not provided, making it challenging for investors to assess profitability without further inquiry.
Property Age: Built in 1984, the property is 40 years old, which may imply a need for significant capital expenditures for major systems or cosmetic updates in the near future.