1527 N Van Ness Ave - Apartments FOR SALE


Fresno, CA 93728- Tower District
$1,700,000 USD
559-349-6208
1527 N Van Ness Ave, Fresno, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/5
null | 6% Cap Rate

1527 N Van Ness Ave
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • Exceptional multifamily investment opportunity featuring 10 fully occupied units and strong rental income. The first building features 8 units with 2

OVERVIEW

Exceptional multifamily investment opportunity featuring 10 fully occupied units and strong rental income. This well-performing property offers investors immediate cash flow with no current vacancies and a proven occupancy history. The building has recently received a fresh exterior paint job, enhancing curb appeal and contributing to the property's overall pride of ownership. Conveniently located in Fresno's Historic District, the property benefits from its proximity to Fresno City College, Fresno High School, and the popular Tower District, providing tenants with easy access to shopping, dining, entertainment, and educational opportunities. ***This unit is on the historical register in Fresno. Agent to verify what that means for the units. I have a phone number to the Historic Fresno Department. Potential buyers may view the outside but do not disturb tenants. Owner also has security on the premises, primarily at night. All offers subject to inspection. Rent roll available upon request. Owner also owns 1561 - 16 unit building just north of this property. The first building features 8 units with 2 of them being studios. The second building has two large units as well. It also features 5 garages and 5 storage. With quick access to Highway 41 and Highway 180, residents enjoy convenient commuting throughout Fresno and the surrounding areas. Whether you're a seasoned investor or looking to add an income-producing asset to your portfolio, this well-maintained 10-unit property presents an outstanding opportunity in a highly desirable rental market.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

10

PRICE/UNIT

$170,000

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C-P

APN/PARCEL ID

451-051-16

ASK ABOUT THIS PROPERTY

Ian HallTafoya Real EstateMore Info
559-349-6208

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Ian HallTafoya Real EstateMore Info
559-349-6208

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