949 E Annadale Ave - Apartments FOR SALE


Fresno, CA 93706
$8,900,000 USD
916-724-1324
949 E Annadale Ave, Fresno, CA for Sale
$8,900,000 USD
Apartments - FOR SALE
1/17
null | 5.76% Cap Rate

949 E Annadale Ave
Fresno, CA 93706


HIGHLIGHTS

  • Attractive, Long-term Price-per-Unit of $84,000 in Fresno, CA... 25 Years Left on CTCAC LURA.
  • Strong Unit Mix with 51 Two-Bedrooms Units and 55 One-Bedroom Units.
  • 46 HCV Section 8 Tenants Currently (44% of Complex / 38% of Rent is subsidized) - Rent Security Through Subsidization (NOT PBS8)

OVERVIEW

Ideally situated to offer residents a convenient and vibrant lifestyle. As a senior community for ages 55 and older, it provides easy access to a variety of essential and recreational amenities. The property is just a short drive from the Annadale Shopping Center and Fresno Fashion Fair Mall, where residents can enjoy a wide range of retail stores, dining options, and entertainment venues.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

106

PRICE/UNIT

$83,962

CAP RATE

5.76%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kings View Manor (Senior LIHTC)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

100

LAND DETAILS

LAND ACRES

18.04 AC

LAND SF

785,822 SF

ZONING

R-1

APN/PARCEL ID

479-040-55

ASK ABOUT THIS PROPERTY

Aaron MoayedMarcus & MillichapMore Info
916-724-1324

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Aaron MoayedMarcus & MillichapMore Info
916-724-1324

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