532-620 N Fulton St - Apartments FOR SALE


Fresno, CA 93728
$3,699,999 USD
559-206-3276
532-620 N Fulton St, Fresno, CA for Sale
$3,699,999 USD
Apartments - FOR SALE
1/10
null | 6.75% Cap Rate

532-620 N Fulton St
Fresno, CA 93728


HIGHLIGHTS

  • A multi-family complex in close proximity to Fresno City College, CSU Fresno, and the Fresno airport.
  • Features 10 commercial/ retail units situated in front of the property attracting foot traffic.
  • Diverse space usage and visibility presents a lucrative investment opportunity.
  • Ideally located in the heart of downtown Fresno and nearby Tower District.

OVERVIEW

Features 39 fully occupied apartment units which are a mix of studios, one bedroom and one two bedroom. Situated in the heart of Fresno, near major freeways which makes this a convenient location for potential residents. This multi-family complex is close to Fresno City College, CSU Fresno, and the Fresno airport this caters to a diverse population looking for convenience and easy access. There are 10 commercial/ retail spaces that sit in front of the property which will come as an added bonus to this complex. These commercial spaces bring a potential of added convenience to the residents at Fultonia. Some potential usages included small clothing stores, small insurance companies, and cafes. With the opportunity for rent increases, this property presents a lucrative investment opportunity with the potential to generate over $10,000 a month in additional income monthly. This apartment complex is perfectly placed between downtown Fresno and The Tower District. This is an RDA with 42 years covenant left. This is being sold with an additional APN: 452-275-05

FOR SALE DETAILS

PRICE

$3,699,999 USD

PRICE/SF

$125 USD /SF

# OF UNITS

39

PRICE/UNIT

$94,872

CAP RATE

6.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-5

APN/PARCEL ID

452-275-05,452-275-13

ASK ABOUT THIS PROPERTY

Amanda SantanaRealty UnlimitedMore Info
559-206-3276

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Amanda SantanaRealty UnlimitedMore Info
559-206-3276

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