EXECUTIVE SUMMARY PROVEN CASH FLOW WITH UPSIDE 25-unit, 100% 2BR/1BA community with current average rents of $1,328 vs. market rents of $1,395, providing immediate in-place income and clear mark-to-market upside. ATTRACTIVE BASIS & RETURNS Offered at $3,925,000 ($157,000/unit; $180/SF) with a pro forma cap rate of 6.24% and in-place cap rate of 5.76%, plus projected 5.17% cash-on-cash and 1.41x DSCR at 65% LTV. HIGHLY FUNCTIONAL UNIT MIX All 25 units are 2BR/1BA, approx. 870 SF, aligning with strong workforce renter demand and providing efficient operations with a simple, repeatable floor plan. CENTRAL FRESNO LOCATION Positioned along E Ashlan Ave in the McLane submarket, with convenient access to major arterials (41, 168, 180),employers, retail, dining, and services. DEMAND DRIVERS: EDUCATION & HEALTHCARE Close to Fresno State University, Fresno City College, and multiple regional hospitals (Clovis Community, Kaiser, Fresno Heart & Surgical, Valley Children’s), supporting durable renter demand. COMPETITIVE POSITION VS. COMPS Price per unit and price per SF are in line with or below comparable Central Valley trades (e.g., Chateau San Jose,La Hacienda, Yardley Gardens), while offering superior rent growth potential from current $1.53/SF toward peer averages above $1.60–$1.70/SF. STABILIZED YET VALUE-ADD Clean, functional interiors (updated flooring, white cabinets, classic finishes) allow for light-touch upgrades to push rents while minimizing downtime and capital risk.