3068 W Fairmont Avenue, Fresno, California 93722, Fresno, - bed, bath

home-pic
ACTIVE$330,000
3068 W Fairmont Avenue, Fresno, California 93722
3Beds
2Baths
1,212Sqft
6,000Lot
Year Built
1971
Close
-
List price
$330K
Original List price
$330K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025197
Home ConditionFair
Features
Patio
View-

About this home

Discover an exceptional investment opportunity with this charming three-bedroom, two-bathroom home featuring 1,212 square feet of versatile living space. This property offers dual living rooms that provide flexible options for entertaining or creating distinct living zones. The home showcases practical updates including a new roof installed last year, ensuring peace of mind for years to come. A cozy fireplace adds warmth and character to the living space, while generous front and rear yards offer ample outdoor possibilities for relaxation or future enhancements. What makes this property particularly attractive is its built-in rental income potential through an existing tenant arrangement, making it an ideal choice for investors seeking immediate returns. The layout and condition present excellent renovation opportunities for those looking to add value through strategic improvements. The neighborhood provides a balanced residential setting while maintaining proximity to essential amenities and services. This home represents a smart entry point into real estate investment, combining affordability with income-generating potential. Don't miss this chance to secure a property with both immediate and long-term investment appeal.

Price History

Date
Event
Price
10/17/25
Listing
$330,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (27 Listings)
Beds33
50%
Baths22
50%
Square foot1,2121,560
18%
Lot Size6,0006,367
43%
Price$330K$375K
25%
Price per square foot$272$247.5
71%
Built year19719955997
11%
HOA
Days on market19154
4%
Condition Rating
Fair

Built in 1971, this property is 53 years old. While it benefits from a new roof installed last year, the interior, particularly the kitchen and bathroom, shows significant signs of age. The kitchen features dated wood cabinets and linoleum flooring, though some appliances appear updated. The bathroom has very dated fixtures, including a pedestal sink and an older shower stall. General interior elements like popcorn ceilings, older light fixtures, and worn laminate flooring contribute to an outdated aesthetic. The property is functional and livable, as indicated by the existing tenant, but it clearly requires substantial cosmetic updates and renovations to meet current standards and maximize value, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Strong Investment Potential: Explicitly highlighted as an 'exceptional investment opportunity' with 'built-in rental income potential' and 'immediate returns' due to an existing tenant arrangement.
Recent Major Update (Roof): A 'new roof installed last year' provides significant peace of mind and reduces immediate capital expenditure for a major structural component.
Flexible Living Layout: Features 'dual living rooms' offering versatile options for various uses, enhancing functionality and appeal for different living arrangements.
Generous Outdoor Space: Ample 'front and rear yards' on a 6,000 sqft lot provide significant outdoor possibilities for relaxation, gardening, or future enhancements.
Affordable Entry Point: Positioned as a 'smart entry point into real estate investment,' combining affordability with its income-generating capabilities in the Fresno market.

Cons

Renovation Required: The property 'present[s] excellent renovation opportunities,' indicating it is not fully updated and will require strategic improvements to maximize value and appeal.
Age of Property: Built in 1971, the home is over 50 years old, suggesting that other major systems (e.g., plumbing, electrical, HVAC) may be original or dated and could require future upgrades or maintenance.
Tenant Occupancy: While a strength for investors, the 'existing tenant arrangement' means immediate owner occupancy or extensive renovation plans might be complicated or delayed for non-investor buyers.

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