36 Units in Midtown Fresno
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36 Unit apartment complex built in 1972 consisting of five, 2 story buildings. All units are 2 bedrooms 1 bath, 872 sq.ft. approx. Units rent for below market value at $550.00 monthly with high occupancy. Owner is willing to carry the financing on a Land Contract with 30% down-payment at 7.6%, amortized over 30 years with a balloon payment at 10 years. Land contract will keep the current property tax and increase overall cap rate. Market rate should be $575 to $595 monthly. Full financials and projections available.
- Neighborhood: N/W Olive/Peach
- Lot Size: 54450
- Type: Multi-Unit Residential for Sale
- Floors: Two or More Stories
- Parking/Garage: Carport
- Bedrooms: 10+
- Baths: 10+
- Square Feet: 31392
- Year Built: 1972
- School District: Fresno Unified
- Number of Units: 36
- Unit Description: 2 bedroom / 1 bath
- Unit Square Footage: 872 approx.
- Unit Rent: $595 monthly proforma
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