UNIT MIX
The property consists entirely of spacious two-bedroom, two-bathroom floor plans, with 16 units at approximately 1,000 SF and 2 units at approximately 1,200 SF.
PRIDE OF OWNERSHIP
Long term ownership, stable occupancy and top flight maintenance.
VALUE-ADD POTENTIAL
Current in-place rents average $1,301, while market comparables suggest an average market rent of $1,534, representing a clear opportunity for revenue growth.
PROPERTY FEATURES
Amenities include washer/dryer hookups, central heat and air, a "sparkling" swimming pool, updated plumbing and lighting fixtures and covered carport parking plus a two car garage.
STRATEGIC LOCATION
Situated in the Bullard submarket with easy access to major retail hubs like River Park Shopping Center, Fig Garden Village, and Fashion Fair Mall. It is also near major educational institutions including Fresno State and Fresno City College.
FRESNO MARKET
Fresno is highlighted as a growing regional hub for education, healthcare, and commerce. The summary notes significant local developments, such as the $150 million "FATforward" expansion at Fresno Yosemite International Airport, which is expected to drive further economic activity and passenger growth in the Central Valley.