Multifamily Property For Sale - Creekside Apartments

155 South Argyle Avenue, Fresno, CA, 93727

 

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Creekside Apartments

155 South Argyle Avenue, Fresno, CA 93727

Creekside Apartments
  • $3,250,000
  • 80
  • 60,798 SF
  • $40,625
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • 2%
  • 2
  • 1975
  • 2.78 SF
  • Find Out More...
Last Verified  11/13/2009 Listing ID  16455501

Highlights

  • LOW PRICE PER UNIT ($ 40,625)
  • EXCELLENT CONDITION
  • ADJACENT TO PROPOSED REGIONAL POWER CENTER
  • EXCELLENT SCHOOL (CLOVIS) DISTRICT
  • STILL OWNED & MANAGED BY ORIGINAL BUILDER

Description

Built in 1975, Creekside enjoys a good unit mix, is still owned and managed by the original Builder. The roof is flat (AC Wells) with composition mansards. Exteriors are stucco. Each unit has an assigned covered parking space. All units have either a balcony or patio. All units have dishwashers (except Jr. 1 Bedroom), ovens, ranges and frost free refrigerators. The unit mix consists of (23) Junior One Bedrooms at 504 square feet, (1) Junior 1 Bed/ 1 Bath with utility room at 504 SQ, (24) 1 Bedroom / 1 Bath units at 708 square feet, (8) 1 Bedroom/ 1 Bath with Den at 840 square feet, (18) 2 Bedroom / 2 Bath units at 1,003 square feet, and (6) 2 Bedroom / 2 Bath with Den at 1,156 square feet. All of the units have individual heating and cooling as well as being separately metered. Hot water is provided by a common heating system piped underground to units. The project totals 60,998 net rentable square feet and is located on approximately 2.78 acres. Site amenities include community laundry room, mature landscaping and a swimming pool. There is ample street parking.

Located in Sunnyside, a desirable part of Fresno, it is close to shopping, freeways, Fresno Yosemite Airport and local schools.

Creekside is adjacent to the proposed Fancher Creek, a 95 acre Town Center being developed by Kashian and Company, the same Developer of RiverPark in north Fresno. Tulare Avenue (north side) will be extended from Clovis Avenue and be changed to Fancher Creek Scenic Parkway, major arterial road. One of Creekside' s strongest draws is its location in the Clovis Unified School District. Fancher Creek elementary school is within walking distance and the older children attend school at the acclaimed Reagan Educational Center.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Proforma
  • $553,500
  • $516,620
  • $335,100
  • $181,520

Map of 155 South Argyle Avenue, Fresno, CA 93727 (Fresno County)

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Presented by

RCK Organization

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Contact Listing Broker
Robin Kane (559) 449-0700 Ext: 0
Gordon Larkin (559) 449-0700 Ext: 1
Dawn Lloyd (559) 449-0700 Ext: 2
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Created 11/2/2009

Additional Information for 155 S Argyle Avenue, Fresno, CA 93727

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 0 RecentSales Record

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