289 N Calaveras St - Apartments FOR SALE


Fresno, CA 93701- Lowell
$749,900 USD
760-987-5332
289 N Calaveras St, Fresno, CA for Sale
$749,900 USD
Apartments - FOR SALE
1/23
null | 6.38% Cap Rate

289 N Calaveras St
Fresno, CA 93701
Lowell


HIGHLIGHTS

  • Current rents are approximately 25% below market value, offering significant potential for increased income
  • Roof was replaced within the past 5 years and all windows were recently replaced with dual pane
  • Centrally located in Fresno and in close proximity to Freeways 41, 99 and 168

OVERVIEW

Colliers | Fresno is pleased to present this 6-unit turnkey, investment property available for sale located at 289 N. Calaveras Street in Fresno, California. This 6-unit property totals approximately 3,867 square feet. Two units have 2 bedrooms/1 bathroom and four units have 1 bedroom/1 bathroom. Located in Fresno, California, close to Downtown Fresno and the Tower District, the property is on the southwest corner of Calaveras Street and McKenzie Avenue, and is in close proximity to Freeways 41, 99 and 168. Built in 1959, the building is situated on approximately 11,250 square feet of land and zoned RS5. The units are individually metered for P.G.&E. and paid by tenant.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$194 USD /SF

# OF UNITS

6

PRICE/UNIT

$124,983

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,998 SF

ZONING

RS5

APN/PARCEL ID

459-242-05

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.