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7089 N Howard St 5 Unit Apartment Building $1,100,000 ($220,000/Unit) 5.60% Cap Rate Fresno, CA 93720
Investment Highlights
- Fully Renovated Units
- Turnkey Investment
- North Fresno Location
- Rental Upside Opportunity
- 80% Occupied- Estoppels in Hand
- Attractive Basis
Executive Summary
7089 N. Howard Street presents a rare opportunity to acquire a fully occupied 5-unit multifamily asset in North Fresno. Built in 1978, the property comprises five spacious 2BD/1BA units at 1,120 SF each (5,600 SF total). All units have been renovated with new LVP flooring, updated kitchens with granite countertops, and refreshed bathrooms.
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 5.60% | Building Size | 7,288 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | C-P | ||
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,288 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C-P |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 303-170-69 | Improvements Assessment | $796,478 |
| Land Assessment | $341,347 | Total Assessment | $1,137,825 |
Property Taxes
Parcel Number
303-170-69
Land Assessment
$341,347
Improvements Assessment
$796,478
Total Assessment
$1,137,825
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