3765-3785 N Millbrook Ave - Apartments FOR SALE


Fresno, CA 93726- McLane
$5,600,000 USD
559-288-8803
3765-3785 N Millbrook Ave, Fresno, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

3765-3785 N Millbrook Ave
Fresno, CA 93726
McLane


HIGHLIGHTS

  • NORTH FRESNO LOCATION
  • VALUE ADD OPPORTUNITY
  • LONG TERM OWNERS
  • WELL MAINTAINED
  • EXCELLENT CURB EXPOSURE

OVERVIEW

VALUE-ADD OPPORTUNITY New ownership can potentially capture additional income by renovating the interiors and increasing the current in-place rents. EXCELLENT NORTHEAST FRESNO LOCATION Millbrook Pines is south of the Shaw Avenue Retail Corridor, home to Costco, Target, Super Walmart and Fashion Fair Regional Mall as well as many other stores and restaurants. PARK-LIKE SETTING, ADJACENT TO EINSTEIN PARK With lush landscaping, open areas and mature trees, Millbrook Pines enjoys a quiet setting for the discriminating renter. To the west is Einstein Park. EXCELLENT CURB EXPOSURE Millbrook Pines has the benefit of being located on two major arterials, Dakota and Millbrook Avenues. LONG TERM OWNERSHIP Millbrook Pines enjoys a stable occupancy with excellent tenants. GATED ENTRANCE This feature provides residents with an added level of security.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

48

PRICE/UNIT

$116,667

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Millbrook Pines Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

40

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

437-321-25,437-321-27

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.