Casa Blanca Apartments 3025-3049 E Gettysburg Ave 60 Unit Apartment Building $11,586,136 CAD ($193,102 CAD/Unit) Fresno, CA 93726

** CALL FOR OFFERS SEPTEMBER 9** Northmarq is pleased to offer Casa Blanca Apartments, a 60 Unit Garden Community located in Northeast Fresno. Casa Blanca is located on a major arterial with excellent curb exposure next to Fashion Fair Regional Mall. Casa Blanca offers an excellent unit mix of 44 two-bedroom, one-bath units (875 SF) and 16 two-bedroom, 1.5-bath units (1,042 SF with W/D Hookups),catering to the high demand for affordable family housing in Fresno’s growing rental market.
VALUE-ADD OPPORTUNITY
Casa Blanca’s current in-place rents average $1.20 per square foot, while market rents in the submarket average $1.68 per square foot. This represents significant upside potential of approximately $0.48 per square foot through strategic renovations and lease-up to market rates, providing immediate income enhancement opportunities for new ownership.
OVER 60% RENOVATED
All new cabinets, counters in kitchens and baths, plumbing and light fixtures. Vinyl plank flooring as well as new appliances, tub enclosures and window coverings.
CENTRAL VALLEY GROWTH TRAJECTORY
Fresno’s multifamily market benefits from limited new construction,growing employment base, and the city’s role as the agricultural and economic hub of the Central Valley, positioning existing properties for continued appreciation and rental growth.