The property at 1294 N Echo Ave in Fresno offers a solid rent potential, with estimated monthly rents ranging from $1.6K to $2.2K. Given the 2-bedroom, 2-bathroom setup and its location in the vibrant Tower District, the total annual revenue could range from $19K to $26K. Market conditions in this area are stable, with a median listing price of $350K, suggesting a healthy demand. The property's vintage charm and unique neighborhood appeal could boost rental interest, although updates may be necessary for maximizing returns.
To elevate the rental potential, consider modernizing the property's interior, focusing on kitchen and bathroom upgrades. Energy-efficient appliances and updated flooring can also enhance appeal. If selling is on the table, investing in curb appeal improvements and minor exterior renovations might increase the property's market value. Staying attuned to neighborhood trends can guide strategic enhancements that align with tenant expectations.