1561 N Van Ness Ave - Apartments FOR SALE


Fresno, CA 93728- Tower District
$2,600,000 USD
559-349-6208
1561 N Van Ness Ave, Fresno, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/5
null | 5.6% Cap Rate

1561 N Van Ness Ave
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • Fantastic opportunity to own a 16 unit property with $145,614 in Net Operating Income. Leases quickly.

OVERVIEW

- Well-maintained 16-unit building offers strong cash flow with only one current vacancy - Units are in high demand, and vacancies lease quickly - Recent improvements include a new roof - Ideally located near Fresno City College, Fresno High School, and the vibrant Tower District - Easy access to Highway 41 and Highway 180 - 3 level unit - first two levels feature 1 bedroom, 1 bath units; third level features 8 studios - Property is on the historical register in Fresno - Units stay mostly full

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C-P

APN/PARCEL ID

451-051-05

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.