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17-Units, Turnkey Property 1275 N 8th St 17 Unit Apartment Building $2,288,888 ($134,640/Unit) 8% Cap Rate Fresno, CA 93703
INVESTMENT HIGHLIGHTS
- Fully occupied with current rents approximately 25% below market value
- Centrally located in Fresno and in close proximity to Freeway 180
- Recent upgrades include a new roof (Feb. 2025), fresh paint, new window AC’s, and 9 renovated units
EXECUTIVE SUMMARY
Colliers | Fresno is pleased to present this turnkey, 17-unit investment property available for sale in Fresno, California. 1275 N. 8th Street is a 17-unit property totaling approximately 12,348 square feet. Each unit has 2 bedrooms/1 bathroom and is approximately 725 square feet.
Centrally located in Fresno, California, the property is between Floradora and Olive Avenues on N. 8th Street, just north of Highway 180. Built in 1968, the building is situated
on approximately 26,550 square feet of land and zoned RM1.
The units are individually metered for P.G.&E. and paid by tenant.
Centrally located in Fresno, California, the property is between Floradora and Olive Avenues on N. 8th Street, just north of Highway 180. Built in 1968, the building is situated
on approximately 26,550 square feet of land and zoned RM1.
The units are individually metered for P.G.&E. and paid by tenant.
PROPERTY FACTS
| Price | $2,288,888 | Building Class | C |
| Price Per Unit | $134,640 | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 25,728 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM1, Fresno - Apartments | ||
| Price | $2,288,888 |
| Price Per Unit | $134,640 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 25,728 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM1, Fresno - Apartments |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Gated
- Smoke Free
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 17 | - | 725 |
PROPERTY TAXES
| Parcel Number | 453-281-03 | Improvements Assessment | $1,344,198 |
| Land Assessment | $100,395 | Total Assessment | $1,444,593 |
PROPERTY TAXES
Parcel Number
453-281-03
Land Assessment
$100,395
Improvements Assessment
$1,344,198
Total Assessment
$1,444,593
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17-Units, Turnkey Property | 1275 N 8th St
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