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Princeton 2 Multifamily Properties Offered at $2,900,000 in Fresno, CA
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity
- Voucher Upside
- Desirable Large Units
- Strong 6.7% Going in Cap Rate with Rental Upside
- Upside Potential with Rubs Implementation
- Excellent Freeway Access
EXECUTIVE SUMMARY
Princeton, situated at 2248 West Princeton Avenue, offers 22 units, including 6 one-bedroom, one-bathroom and 16 two-bedroom, one-bathroom units.
Princeton is nestled in a serene residential neighborhood, offering tenants the advantage of a quieter living environment while maintaining excellent connectivity to Fresno’s urban amenities. Positioned near the 99 freeway, this property provides effortless access to the greater Central Valley, enabling convenient commutes and simplifying travel for work, leisure, or errands. The proximity to this major thoroughfare bolsters Princeton’s appeal for tenants seeking accessibility, as it connects Fresno to a wide range of economic and recreational hubs across the region.
Princeton is nestled in a serene residential neighborhood, offering tenants the advantage of a quieter living environment while maintaining excellent connectivity to Fresno’s urban amenities. Positioned near the 99 freeway, this property provides effortless access to the greater Central Valley, enabling convenient commutes and simplifying travel for work, leisure, or errands. The proximity to this major thoroughfare bolsters Princeton’s appeal for tenants seeking accessibility, as it connects Fresno to a wide range of economic and recreational hubs across the region.
PROPERTY FACTS
| Price | $2,900,000 | Number of Properties | 2 |
| Price / SF | $146.13 / SF | Individually For Sale | 0 |
| Cap Rate | 6.42% | Total Building Size | 19,846 SF |
| Sale Type | Investment | Total Land Area | 0.82 AC |
| Status | Active |
| Price | $2,900,000 |
| Price / SF | $146.13 / SF |
| Cap Rate | 6.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,846 SF |
| Total Land Area | 0.82 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2266 W Princeton Ave, Fresno, CA 93705 | Multifamily | 11,424 SF | 1965 | - |
| 2248 W Princeton Ave, Fresno, CA 93705 | Multifamily | 8,422 SF | 1962 | - |
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Princeton
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