922 L St - Apartments FOR SALE


Sanger, CA 93657- Eastern Fresno
$950,000 USD
559-669-3686
922 L St, Sanger, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/10
null | 7.37% Cap Rate


HIGHLIGHTS

  • Limited expense risk
  • Recent improvements throughout units
  • Desirable property layout

OVERVIEW

?LIMITED EXPENSE RISK - Tenants pay for 100% of their utilities — sewer, water, and trash included — an uncommon arrangement that shields ownership from expense creep and keeps the operating expense load exceptionally low. ?RECENT IMPROVEMENTS - Ownership has recently completed extensive updates, including but not limited to: brand-new AC mini-splits, updated interiors with new fixtures and finishes, new electrical panels, and new appliances. As a result, a buyer's exposure to near-term capital expenditures has been significantly reduced. ?DESIREABLE PROPERTY LAYOUT - Each unit is its own standalone building, with space between neighboring units. Tenants find this layout desirable — it offers more privacy and less noise with no shared walls — which supports premium rents.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

7.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

L Street Apartments | Sanger, CA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,730 SF

ZONING

R3

APN/PARCEL ID

320-172-07

ASK ABOUT THIS PROPERTY

Blake BlackburnVisintainer GroupMore Info
559-669-3686

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Blake BlackburnVisintainer GroupMore Info
559-669-3686

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