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3357-3365 E Fairmont Ave 8 Unit Apartment Building $1,650,000 ($206,250/Unit) 6.76% Cap Rate Fresno, CA 93726
INVESTMENT HIGHLIGHTS
- Qualifies for housing assistance programs such as Section 8
- Centrally located in Fresno and in close proximity to Freeways 41 and 168
- Strong cash flow potential and a solid foundation for investors seeking portfolio growth
EXECUTIVE SUMMARY
Rare opportunity to own a fully occupied, turnkey 8-unit multifamily property ideally situated just south of the East Shaw Avenue Retail Corridor.
Located within close distance to Fashion Fair Mall and California State University, Fresno, this property offers unbeatable lifestyle appeal for tenants and long-term investment security for owners.
The unit mix includes (8) 2 bed/1 bath apartments, each featuring a single-car carport, a desirable amenity in this market.
With current scheduled gross rents of $11,425/month, this is a strong income-producing asset in one of Fresno’s sought-after locations.
Whether you’re a seasoned investor or looking for your first multifamily property, this is a can’t-miss opportunity.
The units are individually metered for P.G.&E. and paid by tenant.
Located within close distance to Fashion Fair Mall and California State University, Fresno, this property offers unbeatable lifestyle appeal for tenants and long-term investment security for owners.
The unit mix includes (8) 2 bed/1 bath apartments, each featuring a single-car carport, a desirable amenity in this market.
With current scheduled gross rents of $11,425/month, this is a strong income-producing asset in one of Fresno’s sought-after locations.
Whether you’re a seasoned investor or looking for your first multifamily property, this is a can’t-miss opportunity.
The units are individually metered for P.G.&E. and paid by tenant.
PROPERTY FACTS
| Price | $1,650,000 | Property Subtype | Apartment |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.76% | Building Size | 6,272 SF |
| Gross Rent Multiplier | 12.6 | No. Stories | 1 |
| No. Units | 8 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 4.32/1,000 SF |
| Zoning | R-3/CMX - Apartments | ||
| Price | $1,650,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 6,272 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 4.32/1,000 SF |
| Zoning | R-3/CMX - Apartments |
AMENITIES
SITE AMENITIES
- Courtyard
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $409,428 | |
| Land Assessment | $98,058 | Total Assessment | $507,486 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$98,058
Improvements Assessment
$409,428
Total Assessment
$507,486
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3357-3365 E Fairmont Ave
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