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Sunset Sands 4585 E McKinley Ave 96 Unit Apartment Building $11,995,000 ($124,948/Unit) 6.60% Cap Rate Fresno, CA 93703
INVESTMENT HIGHLIGHTS
- OPPORTUNITY FOR REPOSITIONING NEWLY REBUILT UNITS
- MAJOR IMPROVEMENTS TO LOWER INSURANCE COSTS
- EXCELLENT CURB EXPOSURE
EXECUTIVE SUMMARY
** PRICE REDUCTION!**
OPPORTUNITY FOR REPOSITIONING NEWLY REBUILT UNITS
Twelve 12 Units have been rebuilt and are ready to be
brought to market testing new rent levels. These units are
fire sprinklered and have the latest amenities and features.
EXCELLENT NORTHEAST FRESNO LOCATION
Sunset Sands is south of the Shaw Avenue Retail Corridor,
home to Costco, Target, Super Walmart and Fashion Fair
Regional Mall as well as many other stores and restaurants.
EXCELLENT CURB EXPOSURE
Sunset Sands has the benefit of being located on two major
arterials, McKinley and Maple Avenues, as well as excellent
visibility off of Freeway 168.
LONG TERM OWNERSHIP
Sunset Sands enjoys a stable occupancy with excellent
tenants. The Owner has a history of strong management in
place with an eye to address any maintenance needed. This
offers a savvy long-term investor the opportunity to purchase
a stable asset in East Central Fresno
MAJOR IMPROVEMENTS TO LOWER INSURANCE COSTS
The Owner has replaced ALL of the electrical panels, both
for the individual as well as the master panels. In addition,
more than a third of the units are fire sprinklered.
BELOW MARKET RENTS
The market rents at Sunset Sands are $1.62 per square-foot.
Our Rent Survey reveals at least another 10 cents per square
feet is available with no additional upgrades.
OPPORTUNITY FOR REPOSITIONING NEWLY REBUILT UNITS
Twelve 12 Units have been rebuilt and are ready to be
brought to market testing new rent levels. These units are
fire sprinklered and have the latest amenities and features.
EXCELLENT NORTHEAST FRESNO LOCATION
Sunset Sands is south of the Shaw Avenue Retail Corridor,
home to Costco, Target, Super Walmart and Fashion Fair
Regional Mall as well as many other stores and restaurants.
EXCELLENT CURB EXPOSURE
Sunset Sands has the benefit of being located on two major
arterials, McKinley and Maple Avenues, as well as excellent
visibility off of Freeway 168.
LONG TERM OWNERSHIP
Sunset Sands enjoys a stable occupancy with excellent
tenants. The Owner has a history of strong management in
place with an eye to address any maintenance needed. This
offers a savvy long-term investor the opportunity to purchase
a stable asset in East Central Fresno
MAJOR IMPROVEMENTS TO LOWER INSURANCE COSTS
The Owner has replaced ALL of the electrical panels, both
for the individual as well as the master panels. In addition,
more than a third of the units are fire sprinklered.
BELOW MARKET RENTS
The market rents at Sunset Sands are $1.62 per square-foot.
Our Rent Survey reveals at least another 10 cents per square
feet is available with no additional upgrades.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $11,995,000 | Apartment Style | Garden |
| Price Per Unit | $124,948 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.94 AC |
| Cap Rate | 6.60% | Building Size | 74,697 SF |
| No. Units | 96 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2013 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Zoning | R-3, Fresno | ||
| Price | $11,995,000 |
| Price Per Unit | $124,948 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.94 AC |
| Building Size | 74,697 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2013 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R-3, Fresno |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Gated
- Recycling
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 47 | $1,395 | 651 |
| 2+1.5 | 49 | $1,495 | 900 |
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PROPERTY TAXES
| Parcel Number | 447-303-21 | Improvements Assessment | $2,802,959 |
| Land Assessment | $540,099 | Total Assessment | $3,343,058 |
PROPERTY TAXES
Parcel Number
447-303-21
Land Assessment
$540,099
Improvements Assessment
$2,802,959
Total Assessment
$3,343,058
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Sunset Sands | 4585 E McKinley Ave
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