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North Marks Apartments 1262 N Marks Ave 22 Unit Apartment Building $3,100,000 ($140,909/Unit) 4.54% Cap Rate Fresno, CA 93722
Executive Summary
1262 N Marks Ave.? | Fresno, CA 93722 | 22-Unit Garden-Style Apartment Community
Stable cash flow.? Value-add momentum already in motion.? This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.?
Approximately 11 of 22 units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay.? The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.?
Offered at a % Cap Rate on Current Income or % if owner/management & deduct one time yard repair
Property Highlights
?22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
?Approximately 11 of 22 units have received substantial interior renovations
?Unit mix: 1 four-bedroom/2-bath (1,103 SF) | 11 three-bedroom/2-bath (1,056 SF) | 10 two-bedroom/1-bath (864 SF)
?`Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
?In-unit laundry in the majority of units; one building features a community laundry facility
?All units have direct outdoor access to lawn areas with mature trees and shaded common space
?Roofs and HVAC systems replaced within the last 15 years approximately
?Zoning: R-2 Low Density Multi-Family Residential
?Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.?
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.? Within a 10-minute radius: California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options.? Roeding Park is approximately five minutes away.?
Stable cash flow.? Value-add momentum already in motion.? This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.?
Approximately 11 of 22 units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay.? The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.?
Offered at a % Cap Rate on Current Income or % if owner/management & deduct one time yard repair
Property Highlights
?22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
?Approximately 11 of 22 units have received substantial interior renovations
?Unit mix: 1 four-bedroom/2-bath (1,103 SF) | 11 three-bedroom/2-bath (1,056 SF) | 10 two-bedroom/1-bath (864 SF)
?`Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
?In-unit laundry in the majority of units; one building features a community laundry facility
?All units have direct outdoor access to lawn areas with mature trees and shaded common space
?Roofs and HVAC systems replaced within the last 15 years approximately
?Zoning: R-2 Low Density Multi-Family Residential
?Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.?
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.? Within a 10-minute radius: California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options.? Roeding Park is approximately five minutes away.?
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 22 | - | 1,000 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 449-291-09 | Improvements Assessment | $2,288,880 |
| Land Assessment | $312,120 | Total Assessment | $2,601,000 |
Property Taxes
Parcel Number
449-291-09
Land Assessment
$312,120
Improvements Assessment
$2,288,880
Total Assessment
$2,601,000
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North Marks Apartments | 1262 N Marks Ave