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North Marks Apartments 1262 N Marks Ave 22 Unité Immeuble d’appartements 4 307 512 $ CAD (195 796 $ CAD/Unité) 4,54% Taux de capitalisation Fresno, CA 93722
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Résumé de l'annonce
1262 N Marks Ave.? | Fresno, CA 93722 | 22-Unit Garden-Style Apartment Community
Stable cash flow.? Value-add momentum already in motion.? This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.?
Approximately 11 of 22 units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay.? The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.?
Offered at a % Cap Rate on Current Income or % if owner/management & deduct one time yard repair
Property Highlights
?22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
?Approximately 11 of 22 units have received substantial interior renovations
?Unit mix: 1 four-bedroom/2-bath (1,103 SF) | 11 three-bedroom/2-bath (1,056 SF) | 10 two-bedroom/1-bath (864 SF)
?`Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
?In-unit laundry in the majority of units; one building features a community laundry facility
?All units have direct outdoor access to lawn areas with mature trees and shaded common space
?Roofs and HVAC systems replaced within the last 15 years approximately
?Zoning: R-2 Low Density Multi-Family Residential
?Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.?
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.? Within a 10-minute radius: California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options.? Roeding Park is approximately five minutes away.?
Stable cash flow.? Value-add momentum already in motion.? This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.?
Approximately 11 of 22 units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay.? The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.?
Offered at a % Cap Rate on Current Income or % if owner/management & deduct one time yard repair
Property Highlights
?22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
?Approximately 11 of 22 units have received substantial interior renovations
?Unit mix: 1 four-bedroom/2-bath (1,103 SF) | 11 three-bedroom/2-bath (1,056 SF) | 10 two-bedroom/1-bath (864 SF)
?`Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
?In-unit laundry in the majority of units; one building features a community laundry facility
?All units have direct outdoor access to lawn areas with mature trees and shaded common space
?Roofs and HVAC systems replaced within the last 15 years approximately
?Zoning: R-2 Low Density Multi-Family Residential
?Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.?
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.? Within a 10-minute radius: California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options.? Roeding Park is approximately five minutes away.?
Faits sur la propriété
Commodités
Commodités des unités
- Chauffage
- Cuisine
- Four
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 3+2 | 22 | - | 1 000 |
1 1
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 449-291-09 | Évaluation des bâtiments | 3 169 092 $ CAD |
| Évaluation du terrain | 432 149 $ CAD | Évaluation totale | 3 601 241 $ CAD |
Impôts fonciers
Numéro de lot
449-291-09
Évaluation du terrain
432 149 $ CAD
Évaluation des bâtiments
3 169 092 $ CAD
Évaluation totale
3 601 241 $ CAD
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North Marks Apartments | 1262 N Marks Ave
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