532-620 Fulton St, Fresno, CA 93728
39 Unit Apartment Building | $3,899,999 ($100,000/Unit) | 6.41% Cap Rate | Fresno, CA 93728
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,899,999
- Property Type
-
Multifamily
- Square Feet
- 29,622 SF
Listing Contacts
Amanda Santana
Verified Profile
- Property Info
Property Overview
Features 39 fully occupied apartment units which are a mix of studios, one bedroom and one two bedroom. Situated in the heart of Fresno, near major freeways which makes this a convenient location for potential residents. This multi-family complex is close to Fresno City College, CSU Fresno, and the Fresno airport this caters to a diverse population looking for convenience and easy access. There are 10 commercial/ retail spaces that sit in front of the property which will come as an added bonus to this complex. These commercial spaces bring a potential of added convenience to the residents at Fultonia. Some potential usages included small clothing stores, small insurance companies, and cafes. With the opportunity for rent increases, this property presents a lucrative investment opportunity with the potential to generate over $10,000 a month in additional income monthly. This apartment complex is perfectly placed between downtown Fresno and The Tower District. This is an RDA with 42 years covenant left. This is being sold with an additional APN: 452-275-05
Property Details
- Class
- C
- Year Built/Renovated
- 1950/2010
- Stories
- 2
- Lot Size (sq. ft)
- 34,412 SF
- Units
- 39
Highlights
- A multi-family complex in close proximity to Fresno City College, CSU Fresno, and the Fresno airport.
- Features 10 commercial/ retail units situated in front of the property attracting foot traffic.
- Diverse space usage and visibility presents a lucrative investment opportunity.
- Ideally located in the heart of downtown Fresno and nearby Tower District.
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