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Fruit Apartments 3012-3028 N Fruit Ave 8 Unit Apartment Building $2,093,880 CAD ($261,735 CAD/Unit) 5.65% Cap Rate Fresno, CA 93705
INVESTMENT HIGHLIGHTS
- MAJOR RENOVATION COMPLETED
- SINGLE STORY WITH PITCHED ROOFS
- EXCELLENT CURB EXPOSURE
EXECUTIVE SUMMARY
Northmarq is pleased to provide a unique opportunity to acquire eight units in the dynamic market of Fresno in the Central Valley.
The unit mix is six – one bed, one bath unit at 600 square feet and two – two bed, one bath units at 700 square feet for total of 5,000 net rentable square feet.
Built in 1960, Fruit has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems
Features include onsite parking and storage, HVAC and tiled composition roofs.
Located on Fruit Avenue, the property enjoys excellent curb exposure on a major arterial corridor.
The unit mix is six – one bed, one bath unit at 600 square feet and two – two bed, one bath units at 700 square feet for total of 5,000 net rentable square feet.
Built in 1960, Fruit has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems
Features include onsite parking and storage, HVAC and tiled composition roofs.
Located on Fruit Avenue, the property enjoys excellent curb exposure on a major arterial corridor.
PROPERTY FACTS
| Price | $2,093,880 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $261,735 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.65% | Building Size | 5,000 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Zoning | RP - Residential mixed use | ||
| Price | $2,093,880 CAD |
| Price Per Unit | $261,735 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | RP - Residential mixed use |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 2 | - | 700 |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 443-041-10 | Improvements Assessment | $1,147,512 CAD |
| Land Assessment | $163,929 CAD | Total Assessment | $1,311,441 CAD |
PROPERTY TAXES
Parcel Number
443-041-10
Land Assessment
$163,929 CAD
Improvements Assessment
$1,147,512 CAD
Total Assessment
$1,311,441 CAD
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Fruit Apartments | 3012-3028 N Fruit Ave
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