Fully Rented with room for rent upside in the Fresno, CA

[Erick Burgos]

I am currently offering a fully rented fourplex in Fresno, CA for $299k Perfect opportunity to house hack.

All units are fully rented. All units are below market rents by about $100 each. 

The unit has two 2/1 units and two 1/1 units. Right now the 2bds are rented for $750 and $650 while the one bds are rented for $450 and $400. 

Your expenses should be about $577/month (insurance, taxes, water, lawn care, garbage) giving you a CAP of ~6.7% and Cash on cash of 9.4%. Assuming 25% down and 4% rate. Imagine the return once you bring rents to market rate!!

http://www.remaxselectpartners.com/listing/ml81497693-3764-n-abby-st-fresno-93726/