1275 N 8th St - Apartments FOR SALE


Fresno, CA 93703- McLane
$2,799,999 USD
760-987-5332
1275 N 8th St, Fresno, CA for Sale
$2,799,999 USD
Apartments - FOR SALE
1/6
null | 5.04% Cap Rate

1275 N 8th St
Fresno, CA 93703
McLane


HIGHLIGHTS

  • Fully occupied with current rents approximately 25% below market value
  • Recent upgrades include a new roof (Feb. 2025), fresh paint, new window AC’s, and 9 renovated units
  • Centrally located in Fresno and in close proximity to Freeway 180

OVERVIEW

Colliers Fresno is pleased to present this turnkey, 17-unit investment property available for sale in Fresno, California. 1275 N. 8th Street is a 17-unit property totaling approximately 12,348 square feet. Each unit has 2 bedrooms/1 bathroom and is approximately 725 square feet. Centrally located in Fresno, California, the property is between Floradora and Olive Avenues on N. 8th Street, just north of Highway 180. Built in 1968, the building is situated on approximately 26,550 square feet of land and zoned RM1. The units are individually metered for P.G.&E. and paid by tenant.

FOR SALE DETAILS

PRICE

$2,799,999 USD

PRICE/SF

$227 USD /SF

# OF UNITS

17

PRICE/UNIT

$164,706

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,550 SF

ZONING

RM1, Fresno

APN/PARCEL ID

453-281-03

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.