1223 N Sylmar Ave - Apartments FOR SALE


Fresno, CA 93727- Roosevelt
$2,850,000 USD
559-288-8803
1223 N Sylmar Ave, Fresno, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1223 N Sylmar Ave
Fresno, CA 93727
Roosevelt


HIGHLIGHTS

  • COMPLETELY RENOVATED
  • MOTIVATED SELLER, MUST SELL
  • ALL LARGE TWO BEDROOM UNITS AT 940 SF

OVERVIEW

• Value-Add Opportunity • With the in-fill location, 1223 Sylmar is perfectly positioned to be upgraded which would result in substantially higher rents. • Multifamily Market Is On A Strong Growth Path • With the improving job market, rent growth has exceeded both the State and National Average, according to the nation’s leading Market Research firm, Axiometrics. • All Units have Been Renovated • Large 2 Bedroom/1 Bath Units at 940 SQ FT with Patio or Balcony • New fencing and Exterior Paint

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

13

PRICE/UNIT

$219,231

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sylmar Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-3, Fresno

APN/PARCEL ID

455-162-18

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.