5180 E Hedges Ave - Apartments FOR SALE


Fresno, CA 93727- Roosevelt
$1,300,000 USD
559-288-8803
5180 E Hedges Ave, Fresno, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/6
null | 5.82% Cap Rate

5180 E Hedges Ave
Fresno, CA 93727
Roosevelt


HIGHLIGHTS

  • MAJOR RENOVATION COMPLETED
  • GARAGES, SINGLE STORY
  • NEAR MAJOR EMPLOYMENT CENTERS

OVERVIEW

Northmarq is pleased to provide a unique opportunity to acquire six units in the dynamic market of Fresno in the Central Valley. The unit mix is two – one bed, one bath units at 775 square feet; three – two bed, one bath units at 875 square feet and one- two bed, two bath unit at 925 square feet for a total of 5,100 net rentable square feet. Built in 1979, Hedges has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems Features include garages, HVAC and pitched composition roofs. Located on Hedges Avenue, the property enjoys close proximity to the Fresno Airport Business Center as well as just north of Freeway 180.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hedges Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,199 SF

ZONING

R-P

APN/PARCEL ID

455-163-21

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.