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Hedges Apartments 5180 E Hedges Ave 6 Unit Apartment Building $1,666,598 CAD ($277,766 CAD/Unit) 6.31% Cap Rate Fresno, CA 93727
INVESTMENT HIGHLIGHTS
- MAJOR RENOVATION COMPLETED
- NEAR MAJOR EMPLOYMENT CENTERS
- GARAGES, SINGLE STORY
EXECUTIVE SUMMARY
* BROKERS: NEW PRICING, SUBMIT ALL OFFERS, SELLER NEEDS TO SELL!**Northmarq is pleased to provide a unique opportunity to acquire six units in the dynamic market of Fresno in the Central Valley.
The unit mix is two – one bed, one bath units at 775 square feet; three – two bed, one bath units at 875 square feet and one- two bed, two bath unit at 925 square feet for a total of 5,100 net rentable square feet.
Built in 1979, Hedges has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems
Features include garages, HVAC and pitched composition roofs.
Located on Hedges Avenue, the property enjoys close proximity to the Fresno Airport Business Center as well as just north of Freeway 180.
The unit mix is two – one bed, one bath units at 775 square feet; three – two bed, one bath units at 875 square feet and one- two bed, two bath unit at 925 square feet for a total of 5,100 net rentable square feet.
Built in 1979, Hedges has undergone major renovations over the last couple of years including new roofs, siding, windows and heating/cooling systems
Features include garages, HVAC and pitched composition roofs.
Located on Hedges Avenue, the property enjoys close proximity to the Fresno Airport Business Center as well as just north of Freeway 180.
PROPERTY FACTS
| Price | $1,666,598 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $277,766 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 6.31% | Building Size | 5,720 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2023 |
| Property Subtype | Apartment | ||
| Zoning | R-P - Apartments | ||
| Price | $1,666,598 CAD |
| Price Per Unit | $277,766 CAD |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 5,720 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2023 |
| Zoning | R-P - Apartments |
AMENITIES
SITE AMENITIES
- Courtyard
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,842 CAD | 775 |
| 2+1 | 3 | $2,467 CAD | 875 |
| 2+2 | 1 | $2,537 CAD | 925 |
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PROPERTY TAXES
| Parcel Number | 455-163-21 | Improvements Assessment | $569,628 CAD |
| Land Assessment | $81,374 CAD | Total Assessment | $651,003 CAD |
PROPERTY TAXES
Parcel Number
455-163-21
Land Assessment
$81,374 CAD
Improvements Assessment
$569,628 CAD
Total Assessment
$651,003 CAD
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Hedges Apartments | 5180 E Hedges Ave
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