2255-2297 E Shaw Ave - Apartments FOR SALE


Fresno, CA 93710
$4,400,000 USD
559-288-8803
2255-2297 E Shaw Ave, Fresno, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2255-2297 E Shaw Ave
Fresno, CA 93710


HIGHLIGHTS

  • Comprehensive renovations at Shaw Terrace Apartments included railings, patio enclosures, fences, walkways, and landscaping.
  • Shaw Terrace Apartments provides easy access to shopping, entertainment, and freeways, with Fashion Fair Regional Mall, Campus Pointe Shopping Center
  • Nearby Fresno State University has experienced notable growth in its student population over recent years

OVERVIEW

Shaw Terrace Apartments, built in 1964 and extensively renovated since, presents a lucrative opportunity for savvy investors looking to acquire a stable asset in Fresno. Positioned directly opposite California State University, Fresno, Shaw Terrace is strategically located in Fresno’s bustling student housing sector. Comprehensive renovations at Shaw Terrace Apartments included railings, patio enclosures, fences, walkways, and landscaping. Inside, upgrades encompassed renovated kitchens, ceiling fans, water heaters, lighting, and plumbing fixtures. Furthermore, Shaw Terrace Apartments offers an attractive opportunity for value enhancement due to its prime location, suggesting significant potential for rent hikes through targeted upgrades.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

28

PRICE/UNIT

$157,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shaw Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,348 SF

ZONING

R-3

APN/PARCEL ID

430-090-30

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.