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Listed by Lynette Najar • PAK Home Realty
$ 2,500,000
Est. payment /mo
New
Fresno, CA 93710
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR-25219938
Year Built 1965
Annual Tax Amount $25,283
Tax Year 2024
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime 16-unit multifamily investment with significant value-add potential in the heart of Fresno. The property features 16 two-bedroom, one-bath apartments, each approximately 765 sq. ft. 11 of 16 units have been remodeled, providing modernized interiors and reduced capital needs for new ownership.
Every unit includes designated parking and on-site coin-operated laundry facilities generate additional income while offering convenience for tenants. With vacancies ready to be leased at prevailing market rates, investors have the opportunity to immediately increase cash flow and stabilize the property for stronger returns.
Strategically located near Fresno State University, Fresno Community College, California Health Sciences University, and Community Regional Medical Center, the property benefits from a diverse and steady tenant base of students, professionals, and families. Major employers such as Amazon, Fresno Unified School District, the IRS, and multiple city, state, and county offices further support strong rental demand and minimize vacancy risk.
With its prime location, desirable unit mix and clear path for income growth, this offering presents investors with both near-term cash flow upside and long-term appreciation in the growing Fresno market.
Every unit includes designated parking and on-site coin-operated laundry facilities generate additional income while offering convenience for tenants. With vacancies ready to be leased at prevailing market rates, investors have the opportunity to immediately increase cash flow and stabilize the property for stronger returns.
Strategically located near Fresno State University, Fresno Community College, California Health Sciences University, and Community Regional Medical Center, the property benefits from a diverse and steady tenant base of students, professionals, and families. Major employers such as Amazon, Fresno Unified School District, the IRS, and multiple city, state, and county offices further support strong rental demand and minimize vacancy risk.
With its prime location, desirable unit mix and clear path for income growth, this offering presents investors with both near-term cash flow upside and long-term appreciation in the growing Fresno market.
Location
State CA
County Fresno
Interior
Heating Wall Furnace
Laundry Community
Exterior
Utilities Available Sewer Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Building
Lot Description Lot 10000-19999 Sqft
