1262 N Marks Ave - Apartments FOR SALE


Fresno, CA 93722- West Fresno
$3,100,000 USD
831-247-3007
1262 N Marks Ave, Fresno, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/52
null | 4.06% Cap Rate

1262 N Marks Ave
Fresno, CA 93722
West Fresno


HIGHLIGHTS

  • Six individual single story apartment buildings
  • All units have laundry hookups
  • Most units have been updated
  • Carports and open parking spaces

OVERVIEW

1262 N Marks Ave. Fresno, CA 93722 presents a 22-Unit Garden-Style Apartment Community Stable cash flow Value-add momentum already in motion. This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done. Approximately Most of the units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay. The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator. Offered at a 4.06 Cap Rate Property Highlights 22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance Most units have received substantial interior renovations Unit mix: 1 four-bedroom/2-bath (1,103 SF) 11 three-bedroom/2-bath (1,056 SF) 10 two-bedroom/1-bath (864 SF) Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps Laundry hookups in all 22 units; one building features a community laundry facility All units have direct outdoor access to lawn areas with mature trees and shaded common space Roofs and HVAC systems replaced within the last 10 years approximately Zoning: R-2 Low Density Multi-Family Residential Home and pest inspection provided Location An opinion is shared, this location and zoning might serve other uses - let's talk. Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.?Within a 10-minute radius. California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options. Roeding Park is approximately five minutes away.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

22

PRICE/UNIT

$140,909

CAP RATE

4.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Marks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

R2A

APN/PARCEL ID

449-291-09

ASK ABOUT THIS PROPERTY

Paul ZechColdwell Banker Realty Commercial & ResidentialMore Info
831-247-3007

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Paul ZechColdwell Banker Realty Commercial & ResidentialMore Info
831-247-3007

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