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3345 E Fairmont Ave 6 Unit Apartment Building $975,000 ($162,500/Unit) 7.10% Cap Rate Fresno, CA 93726
INVESTMENT HIGHLIGHTS
- Some units have been recently renovated
- Centrally located in Fresno and in close proximity to Freeways 41and 168
- Strong cash flow with room for rent growth
EXECUTIVE SUMMARY
Colliers | Fresno is pleased to present this 6-unit turnkey, investment property available for sale located at 3345 E. Fairmont Avenue in Fresno, California. This 6-unit property
totals approximately 4,800 square feet. All units have 2 bedrooms/1 bathroom with some recently renovated units.
Centrally located in Fresno, California, near the East Shaw office/retail corridor, the property is just south of Shaw Avenue near the southeast corner of First Street and Shaw Avenue, and is in close proximity to Freeways 41and 168. Built in 1966, the building is situated on approximately 8,820 square feet of land and zoned CMX.
The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.
totals approximately 4,800 square feet. All units have 2 bedrooms/1 bathroom with some recently renovated units.
Centrally located in Fresno, California, near the East Shaw office/retail corridor, the property is just south of Shaw Avenue near the southeast corner of First Street and Shaw Avenue, and is in close proximity to Freeways 41and 168. Built in 1966, the building is situated on approximately 8,820 square feet of land and zoned CMX.
The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.
PROPERTY FACTS
| Price | $975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.10% | Building Size | 5,908 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Fresno - Multi-family residential | ||
| Price | $975,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,908 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Fresno - Multi-family residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 427-072-24 | Improvements Assessment | $617,908 |
| Land Assessment | $49,212 | Total Assessment | $667,120 |
PROPERTY TAXES
Parcel Number
427-072-24
Land Assessment
$49,212
Improvements Assessment
$617,908
Total Assessment
$667,120
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3345 E Fairmont Ave
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