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1561 N Van Ness Ave 16 Unit Apartment Building $3,697,876 CAD ($231,117 CAD/Unit) 5.60% Cap Rate Fresno, CA 93728
Investment Highlights
- Fantastic opportunity to own a 16 unit property with $145,614 in Net Operating Income. Leases quickly.
Executive Summary
- Well-maintained 16-unit building offers strong cash flow with only one current vacancy
- Units are in high demand, and vacancies lease quickly
- Recent improvements include a new roof
- Ideally located near Fresno City College, Fresno High School, and the vibrant Tower District
- Easy access to Highway 41 and Highway 180
- 3 level unit - first two levels feature 1 bedroom, 1 bath units; third level features 8 studios
- Property is on the historical register in Fresno
- Units stay mostly full
- Units are in high demand, and vacancies lease quickly
- Recent improvements include a new roof
- Ideally located near Fresno City College, Fresno High School, and the vibrant Tower District
- Easy access to Highway 41 and Highway 180
- 3 level unit - first two levels feature 1 bedroom, 1 bath units; third level features 8 studios
- Property is on the historical register in Fresno
- Units stay mostly full
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,697,876 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $231,117 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.60% | Building Size | 11,386 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Zoning | C-P - CMS - Apt. It is desiganted a Historical Building. Agent needs to check city to see what that means. | ||
| Price | $3,697,876 CAD |
| Price Per Unit | $231,117 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,386 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | C-P - CMS - Apt. It is desiganted a Historical Building. Agent needs to check city to see what that means. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 600 |
| 1+1 | 8 | - | 750 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 451-051-05 | Improvements Assessment | $1,023,115 CAD |
| Land Assessment | $41,648 CAD | Total Assessment | $1,064,763 CAD |
Property Taxes
Parcel Number
451-051-05
Land Assessment
$41,648 CAD
Improvements Assessment
$1,023,115 CAD
Total Assessment
$1,064,763 CAD
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Tafoya Real Estate
1561 N Van Ness Ave
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