Another Solid Investment in Midtown Fresno
Request more photos!- Features
11 Unit apartment complex built in 1982. The complex consists of two adjacent parcels, APN 447-291-09 and APN 447-291-10, 4326 E. Fairfax Ave. and 4334 E. Fairfax Ave. All units are 2 bedroom 1 bath, and approximately 720 sq.ft. Complex is 100% occupied. Rents are due to be raised. Owner is willing to carry the financing on a Land Contract with 30% down-payment at 6.5%, interest only, for 7 years. Land Contract will keep the current property tax and increase overall income and cap rate.
Units rent for $595 monthly, 100% occupancy.
Units rent for $595 monthly, 100% occupancy.
- Neighborhood: N/E McKinley/Cedar
- Lot Size: 19166
- Type: Multi-Unit Residential for Sale
- Floors: Two or More Stories
- Parking/Garage: Carport
- Bedrooms: 10+
- Baths: 10+
- Square Feet: 7910
- Year Built: 1982
- School District: Fresno Unified
- Number of Units: 11 Total
- Unit Description: 2 bedroom / 1 bath
- Unit Square Footage: 720 approx.
- Unit Rent: $595 monthly
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