4781 N Polk Avenue 125, Fresno, California 93722, Fresno, 93722 - 8 bed, 8 bath
ACTIVE$538,000$3,102/sqft
4781 N Polk Avenue 125, Fresno, California 93722
8Beds
8Baths
3,102Sqft
9,078Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: This triplex offers an exceptional investment opportunity with 100% occupancy by long-term tenants, ensuring immediate and stable rental income for a new owner.
Top Cons:
Substantial HOA Fees: The monthly association fee of $675 is a significant ongoing expense that will directly impact the property's net operating income and overall investment profitability.
Compared to the nearby listings
Price:$538.0K vs avg $382.5K (+$155,525)88%
Size:3,102 sqft vs avg 1,578 sqft92%
Price/sqft:$173 vs avg $22913%
More Insights
Built in 1995 (31 years old).
Condition: Built in 1995, the property is nearly 30 years old. While some updates like laminate flooring in main living areas and newer kitchen appliances are present, the kitchen cabinets and countertops are dated, and the bathrooms feature original or older fixtures and finishes. Carpets in bedrooms and on stairs appear worn. The property is functional and maintained, but requires significant cosmetic updates to kitchens, bathrooms, and flooring to meet modern standards, aligning with the 'fair' condition criteria.
Year Built
1995
Close
-
List price
$538K
Original List price
$538K
Price/Sqft
$173
HOA
$675
Days on market
-
Sold On
-
MLS number
26634805
Home ConditionFair
Features
Good View: City Lights, Courtyard
Patio
ViewCity Lights,Courtyard
About this home
Triplex, Units 125, 126 & 127. Security gated community known as Apple Creek located in northwest Fresno, Ca. Within this triplex are 2 spacious 3BR/2.5BA and one 2 BR/1.5BA townhouses. Each have 1 detached garage and parking spaces with fenced back patio/yards. Indoor laundry areas, appliances. This is an HOA community with monthly fees that cover essential amenities such as water, sewer, exterior maintenance and gated entrances. Currently 100% occupied with long term tenants. Conveniently located near hwy 99, shopping and recreation centers. Great investor opportunity for anyone who would like to capitalize on a well established property! Please do not disturb the tenants! Call agent for an appt!
M
Mindy Hawkins
Listing Agent
Price History
Date
Event
Price
09/01/23
Sold
$470,000
07/03/02
Sold
$198,000
Condition Rating
Fair
Built in 1995, the property is nearly 30 years old. While some updates like laminate flooring in main living areas and newer kitchen appliances are present, the kitchen cabinets and countertops are dated, and the bathrooms feature original or older fixtures and finishes. Carpets in bedrooms and on stairs appear worn. The property is functional and maintained, but requires significant cosmetic updates to kitchens, bathrooms, and flooring to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Strong Investment Potential: This triplex offers an exceptional investment opportunity with 100% occupancy by long-term tenants, ensuring immediate and stable rental income for a new owner.
Desirable Location & Community: Located within the security-gated Apple Creek community in northwest Fresno, the property benefits from convenient access to Hwy 99, shopping, and recreation centers, enhancing tenant appeal.
Comprehensive HOA Benefits: The monthly HOA fees cover essential services such as water, sewer, exterior maintenance, and gated entrances, significantly reducing direct landlord responsibilities and maintenance burdens.
Tenant-Friendly Unit Features: Each townhouse unit is well-equipped with a detached garage, additional parking spaces, private fenced back patios/yards, and indoor laundry areas, highly attractive amenities for renters.
Diverse Unit Mix: The property features a versatile unit composition of two 3-bedroom/2.5-bathroom and one 2-bedroom/1.5-bathroom townhouses, appealing to a wider range of prospective tenants.
Cons
Substantial HOA Fees: The monthly association fee of $675 is a significant ongoing expense that will directly impact the property's net operating income and overall investment profitability.
Limited Showing Access: The instruction to 'Please do not disturb the tenants' indicates restricted access for showings, which may complicate the sales process and thorough due diligence for potential buyers.
Aging Property Systems: Built in 1995, the property is nearly 30 years old, suggesting that some original systems or finishes may be nearing the end of their useful life and could require future capital expenditures for updates or replacements.