4585 E McKinley Ave - Apartments FOR SALE


Fresno, CA 93703- McLane
$12,500,000 USD
559-288-8803
4585 E McKinley Ave, Fresno, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

4585 E McKinley Ave
Fresno, CA 93703
McLane


HIGHLIGHTS

  • OPPORTUNITY FOR REPOSITIONING NEWLY REBUILT UNITS
  • EXCELLENT CURB EXPOSURE
  • MAJOR IMPROVEMENTS TO LOWER INSURANCE COSTS

OVERVIEW

OPPORTUNITY FOR REPOSITIONING NEWLY REBUILT UNITS Twelve 12 Units have been rebuilt and are ready to be brought to market testing new rent levels. These units are fire sprinklered and have the latest amenities and features. EXCELLENT NORTHEAST FRESNO LOCATION Sunset Sands is south of the Shaw Avenue Retail Corridor, home to Costco, Target, Super Walmart and Fashion Fair Regional Mall as well as many other stores and restaurants. EXCELLENT CURB EXPOSURE Sunset Sands has the benefit of being located on two major arterials, McKinley and Maple Avenues, as well as excellent visibility off of Freeway 168. LONG TERM OWNERSHIP Sunset Sands enjoys a stable occupancy with excellent tenants. The Owner has a history of strong management in place with an eye to address any maintenance needed. This offers a savvy long-term investor the opportunity to purchase a stable asset in East Central Fresno MAJOR IMPROVEMENTS TO LOWER INSURANCE COSTS The Owner has replaced ALL of the electrical panels, both for the individual as well as the master panels. In addition, more than a third of the units are fire sprinklered. BELOW MARKET RENTS The market rents at Sunset Sands are $1.62 per square-foot. Our Rent Survey reveals at least another 10 cents per square feet is available with no additional upgrades.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

96

PRICE/UNIT

$130,208

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Sands

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

107

LAND DETAILS

LAND ACRES

3.94 AC

LAND SF

171,626 SF

ZONING

R-3, Fresno

APN/PARCEL ID

447-303-21

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.