1702 L St - Apartments FOR SALE


Fresno, CA 93721- The Cultural Arts District
$8,456,000 USD
559-761-0020
1702 L St, Fresno, CA for Sale
$8,456,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate


HIGHLIGHTS

  • VIBRANT MURAL DISTRICT
  • EXCELLENT UNIT MIX
  • BUILT 2014 WITH GARAGES, GATED ENTRY, FIRE SPRINKLERS
  • CATERING TO YOUNG PROFESSIONALS IN GOVERNMENT, MEDICAL AND LAW

OVERVIEW

PROPERTY DESCRIPTION Built in 2014, Crichton Place is a newer 28-townhome community located in the Mural District of downtown Fresno; offering residents spacious living and unmatched privacy. The unit mix consists of the following: • 27 — 3 Bedroom | 2.5 Bathroom Townhomes (1,440 SF) • 1 — 3 Bedroom | 2.5 Bathroom Townhomes (1,901 SF) Additionally, there are 4 units with a craftman design for a total of 32 Units. INTERIOR AMENITIES The interior amenities include “eco-smart” central ductless air conditioning and heating, ceiling fans, full-size washer/dryer hookups, sprinkler system, individual tankless hot water heaters, wood plank flooring and polished concrete, quartz countertops, and a full “energy efficient” stainless-steel appliance package. The appliance package includes a refrigerator, dishwasher, electric stove, and microhood. EXTERIOR AMENITIES The exterior amenities include beautifully kept grounds, craftsmen-style architecture, gated entrances, attached two car garages, private patios or balconies (select townhomes) and a large resident area with patio tables, BBQ station, and community garden planter boxes RDA The 28 units are subject to the RDA Loan Owner Participation Agreement requiring nine units be rented as Affordable Moderate Income (120% AMI) units for a period of 55 years.

FOR SALE DETAILS

PRICE

$8,456,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

32

PRICE/UNIT

$264,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crichton Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

66,930 SF

ZONING

C-4

APN/PARCEL ID

466-103-33

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.