1391 N Palm Ave - Apartments FOR SALE


Fresno, CA 93728- Tower District
$1,300,000 USD
559-351-5757
1391 N Palm Ave, Fresno, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/8
null | 7.24% Cap Rate

1391 N Palm Ave
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • Fully Occupied with Stable Tenants
  • Five units recently turned in last 12 months
  • Roof replaced in 2021. Tile Flooring and Granite Countertops

OVERVIEW

Stable occupancy near Fresno’s Tower District! Fully occupied investment property averaging $1,395/unit in rent with an 8.6 GRM and 7.2% cap rate based on in-place rents and current adjusted expenses. Features include single-car garages, two carports, and ample uncovered parking.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

9

PRICE/UNIT

$144,444

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-3, Fresno

APN/PARCEL ID

450-144-02

ASK ABOUT THIS PROPERTY

John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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