1560 Fulton St - Apartments FOR SALE


Fresno, CA 93721- The Cultural Arts District
$19,995,000 USD
559-761-0020
1560 Fulton St, Fresno, CA for Sale
$19,995,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate


HIGHLIGHTS

  • BUILT 2016 WITH HIGH END FINISHES
  • GATED COMMUNITY WITH 60 GARAGES, BALCONIES AND WASHER/DRYER HOOKUPS
  • DUCTLESS COOLING AND HEATING, FIRE SPRINKLERS, TANKLESS WATER HEATERS AND CEILING FANS

OVERVIEW

PROPERTY DESCRIPTION Built in 2015-16, The Lede is an 85-unit community located in the Mural District of downtown Fresno. The unit mix consists of the following: • 12 — Studio (525 SF) • 52 — 1 Bedroom | 1 Bathroom Townhomes (661-740 SF) • 12 — 2 Bedroom | 2 Bathroom (1,047 SF) • 9 — 2 Bedroom | 3.5 Bathroom (2,012-2,383 SF) (3-Story Live/Work Loft) INTERIOR AMENITIES The interior amenities include “eco-smart” central ductless air conditioning and heating, ceiling fans, washer / dryer hookups, sprinkler system, individual tankless hot water heaters, wood plank flooring, quartz countertops, and a full “energy efficient” stainless-steel appliance package. The appliance package includes a refrigerator, dishwasher, electric stove, and micro-hood. EXTERIOR AMENITIES Private gated community, landscaped courtyard, central grilling area, attached garage, additional on-site / street parking, patio or balcony in select units,security camera system, and art murals. RDA This project is subject to the RDA Loan Owner Participation Agreement requiring 24 units be rented as Affordable Moderate Income (120% AMI) units for a period of 55 years.

FOR SALE DETAILS

PRICE

$19,995,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

85

PRICE/UNIT

$235,235

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lede

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

C4

APN/PARCEL ID

466-145-07,466-145-18,466-145-22

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-761-0020

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Robin KaneNorthmarqMore Info
559-761-0020

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