1430-1632 S Chestnut Ave | Fresno, CA 93702
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- LoopNet Team
1430-1632 S Chestnut Ave
Fresno, CA 93702
Cypress Point Apartments (Assumable Loan) · Multifamily Property For Sale
·
224 Units
INVESTMENT HIGHLIGHTS
- Opportunity to Increase Rental Income by Approximately 13% Via Interior Renovations
- 100% Two-Bedroom/One-Bathroom Units
- Across The Street From Fresno Pacific University
- Very Attractive Assumable Loan at 3.16% Interest Rate (interest only) with Approximately 9 Years Left
- Single-Story Construction
- Located in a Very Strong Rental Market
PROPERTY FACTS
| No. Units | 224 | Building Size | 218,384 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | B | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 15.42 AC | ||
| Zoning | S, County - Apartments | ||
| No. Units | 224 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 15.42 AC |
| Building Size | 218,384 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | S, County - Apartments |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Pool
- Gated
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 224 | - | 968 - 998 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,633,439 | |
| Land Assessment | $1,484,675 | Total Assessment | $8,118,114 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,484,675
Improvements Assessment
$6,633,439
Total Assessment
$8,118,114
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