2825 E Harvard Ave - Apartments FOR SALE


Fresno, CA 93703- McLane
$1,125,000 USD
559-288-8803
2825 E Harvard Ave, Fresno, CA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/9
null | 9.91% Cap Rate

2825 E Harvard Ave
Fresno, CA 93703
McLane


HIGHLIGHTS

  • Quiet Neighborhood - Located in an established, quiet neighborhood across from the VA Community Living Center, with long-term tenants
  • 9-unit multifamily property with a mix of 2-bed and 1-bed units, totaling 6,602 sq ft.
  • Current average rent is $1,064 per unit, with market rent potential up to $1,240 per unit.
  • Renovated Units - Six out of Nine of the units have New vanities, New counter tops, New floors.

OVERVIEW

The Harvard Apartments is a multifamily investment opportunity located at 2825-2841 East Harvard Ave in Fresno, California. The property consists of 9 units: four 2-bedroom/1-bath units and five 1-bedroom/1-bath units, totaling approximately 6,602 square feet. • Located in an established, quiet neighborhood across from the VA Community Living Center, with long-term tenants and a clean courtyard setting. • 9-unit multifamily property with a mix of 2-bed and 1-bed units, totaling 6,602 sq ft. • Current average rent is $1,064 per unit, with market rent potential up to $1,240 per unit. • Pro forma net operating income is $111,511, with a cap rate of 9.91% and projected cash-on-cash return up to 13.7%.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

9

PRICE/UNIT

$125,000

CAP RATE

9.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,200 SF

ZONING

R3

APN/PARCEL ID

445-204-12

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

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