1920 East Pontiac Way, Fresno, CA
Multi-family for Sale - $2,550,000 - 46,610 Sq. Ft. on 49299.44 acres
Property Info
| CIMLS# | 661934 |
| Location 1920 East Pontiac Way Fresno CA 93726 | |
| Updated | February 24th, 2014 |
| Type | Multi-family |
| Price | $2,550,000 |
| Building | 46,610 Sq. Ft. |
| Land | 49299.44 acres |
Property Description
This property is for sale below replacement cost, with a value add component. The project consists of approximately 46,610 square feet and is comprised of 5 buildings of a total of 61 units. All units are two bedroom one bath and approximately 760 square feet. The land area is approximately 1.43 acres. Amenities include balcony/patios, a sparkling pool, and plenty of parking.
Location Description:
Located in Northeast Fresno, close to shopping, jobs and public transportation. The subject property is located north of the Manchester Shopping Mall. Fresno is the fifth largest city in the State of California and is approximately 210 miles north of Los Angeles and approximately 174 miles southeast of San Francisco, California.
Highlights:
>> Northeast Location
>> Gated Community
>> Value-Add Component
>> Good Tenant Mix
>> Large Units
>> Upside In Rents
>> Close To Shopping, Jobs, and Public Transportation
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Financials
Sales Info:
>> Cap rate: 8.94%
>> Commision split: 2.5%
>> NOI: $228019
