Location Summary

• The property is located in the Older part of the Fresno market on the edge of the Central Business District. And, it is demographically indictive of the cultural make-up of the Central Valley. It is a moderate income location with aging properties and potential infill projects. Albeit, the City of Fresno has recently upgraded the major through fares and infrastructure in the neighborhood.
• The complex has been owned by the same owner since 2005 and is in good condition. It is a (17) unit complex with an on-site coin operated laundry facility. The Unit mix is (17) 2 bedroom/1 bath units . The new roof was installed approximately (12) years ago. And, it was recently painted (2) years ago prior to installing all new dual pane windows on the front of all buildings. The units feature gas fired wall heating unit and window evaporative cooling units. This is a turnkey property in great shape surrounded by single family homes and a limited number of apartments. The rents are significantly below market value. New owner will improve the cash flow by raising rents to current level. Each unit has assigned carport. There is ample guest parking. Please do not walk the grounds or disturb the tenants. Please submit offers subject to inspection.