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Casa Del Rey Apartments 526 E Barstow 244 Unit Apartment Building $37,900,000 ($155,328/Unit) 5.27% Cap Rate Fresno, CA 93710
Investment Highlights
- Prime Central Fresno location
- Stable Unit Mix
- Recent Capital Improvements
- Significant Upside Potential
Executive Summary
Casa Del Rey Apartments presents a 244-unit multifamily acquisition in a high-demand Fresno submarket supported by strong demographics.? Recent capital improvements have largely been completed, positioning an investor to capture immediate rental upside by marking rents to market with minimal additional capital.?
For full OM, visit: www.?casadelreyapartmenthomes.?com
For full OM, visit: www.?casadelreyapartmenthomes.?com
Property Facts
| Price | $37,900,000 | Building Class | C |
| Price Per Unit | $155,328 | Lot Size | 16.54 AC |
| Sale Type | Investment | Building Size | 474,568 SF |
| Cap Rate | 5.27% | Average Occupancy | 97% |
| No. Units | 244 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | SPLIT | ||
| Price | $37,900,000 |
| Price Per Unit | $155,328 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| No. Units | 244 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 16.54 AC |
| Building Size | 474,568 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | SPLIT |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Spa
- Tennis Court
- Basketball Court
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 63 | - | 675 - 770 |
| 2+1 | 128 | - | 828 - 907 |
| 2+2 | 53 | - | 1,055 - 1,400 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 418-021-11 | Improvements Assessment | $12,955,702 |
| Land Assessment | $3,365,697 | Total Assessment | $16,321,399 |
Property Taxes
Parcel Number
418-021-11
Land Assessment
$3,365,697
Improvements Assessment
$12,955,702
Total Assessment
$16,321,399
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Contact the Sale Advisor
Casa Del Rey Apartments | 526 E Barstow