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446 N Maple AVE Fresno, CA 93702
12 Beds
6 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $170
MLS Listing ID 649048
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1971
Lot Size 6,250 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a six-unit multifamily property in Fresno with a 6.77% cap rate based on scheduled rents and proforma operating expenses. Five of six units are currently leased, with the sixth being turned and expected to be re-leased in the coming weeks. Scheduled gross rent is $7,150 per month, or $85,800 annualized. One unit is leased to a tenant whose rent is paid in full through a Veterans Affairs housing program, providing a reliable, government-backed payment source on that unit. In-place rents range from $1,095 to $1,300 per unit, leaving room for measured organic growth, and the unit currently in turn allows the incoming owner to set market rent immediately upon delivery. 446 N. Maple is an ideal acquisition for 1031 exchange buyers, private investors seeking turnkey cash flow, or operators looking for a value-add platform with built-in month-to-month rent upside. Financials, rent roll, and additional due diligence materials available upon request.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Wood,Composition
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Fresno Unified
Listed by The JKRE Investment Group
Nearby Locations