3357-3365 E Fairmont Ave - Apartments FOR SALE


Fresno, CA 93726- Hoover
$1,650,000 USD
760-987-5332
3357-3365 E Fairmont Ave, Fresno, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/22
null | 6.76% Cap Rate

3357-3365 E Fairmont Ave
Fresno, CA 93726
Hoover


HIGHLIGHTS

  • Qualifies for housing assistance programs such as Section 8
  • Strong cash flow potential and a solid foundation for investors seeking portfolio growth
  • Centrally located in Fresno and in close proximity to Freeways 41 and 168

OVERVIEW

Rare opportunity to own a fully occupied, turnkey 8-unit multifamily property ideally situated just south of the East Shaw Avenue Retail Corridor. Located within close distance to Fashion Fair Mall and California State University, Fresno, this property offers unbeatable lifestyle appeal for tenants and long-term investment security for owners. The unit mix includes (8) 2 bed/1 bath apartments, each featuring a single-car carport, a desirable amenity in this market. With current scheduled gross rents of $11,425/month, this is a strong income-producing asset in one of Fresno’s sought-after locations. Whether you’re a seasoned investor or looking for your first multifamily property, this is a can’t-miss opportunity. The units are individually metered for P.G.&E. and paid by tenant.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,250

CAP RATE

6.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,642 SF

ZONING

R-3/CMX

APN/PARCEL ID

427-072-22,427-072-46

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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