429 S Backer Ave - Apartments FOR SALE


Fresno, CA 93702- Huntington
$1,700,000 USD
559-351-5757
429 S Backer Ave, Fresno, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/6
null | 6.83% Cap Rate

429 S Backer Ave
Fresno, CA 93702
Huntington


HIGHLIGHTS

  • Efficient Layout
  • Value-Add Opportunity
  • High Demand Rental Segment

OVERVIEW

Backer Casa Granda is a 10-unit apartment built in 1988, this well-maintained property features a desirable 3 bedroom 1 bath unit mix and consistent occupancy, making it an attractive option for both seasoned investors and those entering the multifamily market. The building benefits from its central Fresno location, with close proximity to major freeways, shopping, schools, and public transportation. Offering strong in-place income with room for rent growth, this asset provides excellent long-term stability and value-add potential in one of California's most affordable and growing rental markets.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

10

PRICE/UNIT

$170,000

CAP RATE

6.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R-3

APN/PARCEL ID

461-222-19

ASK ABOUT THIS PROPERTY

John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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John SuzukiJames Hendricks and AssociatesMore Info
559-351-5757

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