740 E Cornell Ave - Apartments FOR SALE


Fresno, CA 93704- Maroa
$925,000 USD
760-987-5332
740 E Cornell Ave, Fresno, CA for Sale
$925,000 USD
Apartments - FOR SALE
1/2
null | 5.51% Cap Rate

740 E Cornell Ave
Fresno, CA 93704
Maroa


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

OVERVIEW

Location, Location, Location! Rare opportunity to own a fully occupied, turnkey 6-unit multifamily property ideally situated at the end of a quiet, residential street surrounded by single-family homes. Located within walking distance to Gazebo Gardens and the iconic Christmas Tree Lane, this property offers unbeatable lifestyle appeal for tenants and long-term investment security for owners. The unit mix includes (4) 2 bed/1 bath and (2) 1 bed/1 bath apartments, each featuring private backyard space and a detached single-car garage—a rare and desirable amenity in this market. With current scheduled gross rents of $7,111/month, this is a strong income-producing asset in one of Fresno’s most sought-after neighborhoods. Whether you’re a seasoned investor or looking for your first multifamily property, this is a can’t-miss opportunity.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

6

PRICE/UNIT

$154,167

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,248 SF

ZONING

RS5

APN/PARCEL ID

443-161-10

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.