3302-3398 N. Millbrook Avenue, Fresno CA

Multi-family for Sale - $3,700,000


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Agent Info

NameMark Mimms

Property Info

CIMLS #720421
Location3302-3398 N. Millbrook Avenue
Fresno CA 93726
Last UpdatedNovember 10th, 2017
TypeMulti-family
Price$3,700,000

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Property Description

Millbrook Garden Apartments is a value add investment located on a rectangular shaped parcel of land on approximately 4.27 acres zoned R-3. The project is 105 units of approximately 77,860 square feet, originally built in 1961, and currently going through an extensive renovation program.The unit mix consists of 66 one bedroom one bath of approximately 650 square feet, 31 two bedroom one bath of approximately 850 square feet, 1 two bedroom two bath of approximately 910 square feet and 7 three bedroom one bath of approximately 1100 square feet. The project is wood frame on concrete slab, with stucco and wood siding and flat hot mop tar roofs. Interior unit amenities include range and oven, refrigerator, garbage disposal, floor coverings, and window coverings. Some of the units may be missing appliances. HVAC for the units is provided by gas wall heaters and wall mounted air conditioners. All units are individually metered for gas and electricity. Hot water is supplied by newer four separate 100 gallon water heaters on a central system. There is adequate parking with covered carports.There are two sparkling pools and four laundry facilities. There are approximately 48 storage closets.

Location Description:

The Millbrook Garden Apartments is located north of Shields Avenue at Millbrook Avenue in northeast Fresno. The property is conveniently located very close to Highway 41 and Highway 168. Fresno is the the State's fifth largest city and is approximately 175 miles southeast of San Francisco, and approximately 210 miles north of Los Angeles, California.

Highlights:

>> Individually Metered For Gas and Electricity

>> Some Renovation Complete

>> Two New Sparkling Pools

>> Nice Northeast Fresno Location

>> Close the Public Transportation, Shopping and Restaurants

>> New Central Water Heating System (4)

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