3012-3028 N Fruit Ave - Apartments FOR SALE


Fresno, CA 93705- Roeding Park
$1,500,000 USD
559-288-8803
3012-3028 N Fruit Ave, Fresno, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/7
null | 5.65% Cap Rate

3012-3028 N Fruit Ave
Fresno, CA 93705
Roeding Park


HIGHLIGHTS

  • MAJOR RENOVATION COMPLETED
  • EXCELLENT CURB EXPOSURE
  • SINGLE STORY WITH PITCHED ROOFS

OVERVIEW

Northmarq is pleased to provide a unique opportunity to acquire eight units in the dynamic market of Fresno in the Central Valley. The unit mix is six – one bed, one bath unit at 600 square feet and two – two bed, one bath units at 700 square feet for total of 5,000 net rentable square feet. Built in 1960, Fruit has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems Features include onsite parking and storage, HVAC and tiled composition roofs. Located on Fruit Avenue, the property enjoys excellent curb exposure on a major arterial corridor.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

5.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fruit Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,599 SF

ZONING

RP

APN/PARCEL ID

443-041-10

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.