3233 E Normal Ave - Apartments FOR SALE


Fresno, CA 93703- McLane
$665,000 USD
559-270-4056
3233 E Normal Ave, Fresno, CA for Sale
$665,000 USD
Apartments - FOR SALE
1/5
null | 7.6% Cap Rate

3233 E Normal Ave
Fresno, CA 93703
McLane


HIGHLIGHTS

  • Rents are at market rates with 3 Section 8 and 1 private pay tenant

OVERVIEW

New owner will benefit by starting with a clean, well managed property where the rents are at current market value and the return is a respectable 7.6% CAP rate. Compare to other 4 plex rentals where the rents are stuck at below market rates and can only be increased incrementally.Quiet 4 plex with plenty of windows that provide much light in apartment, tall and beautiful trees surround property and also have fruit trees on property. Near shopping and transportation. Washer and dryer hook-ups, private and enclosed garage. Secure fencing also surrounds the entire property. Owner has recently replaced two coolers, two skylights in garage, east half of the roof. Three of the units are Section 8 with an application pending for further rent increases. Very nice and friendly neighbors.Total Bedroom Count is per Seller since Unit 3239 (Rear) has been modified to contain 4 bedrooms (2 with portable closets). Total square footage is per tax records, square footage in each unit is estimated. Buyer to verify.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

1

PRICE/UNIT

$665,000

CAP RATE

7.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mayfair Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,400 SF

ZONING

RM1

APN/PARCEL ID

446-182-11

ASK ABOUT THIS PROPERTY

Ken NeufeldLondon PropertiesMore Info
559-270-4056

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Ken NeufeldLondon PropertiesMore Info
559-270-4056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.