Apartments For Sale • 12,240 SF
| ¦ $150,000 per unit on a uniform 2BR/1BA, 765 SF workforce floor plan, below replacement cost. |
| ¦ Internally proven rent ceiling. Recent in-building leases signed in the $1,500 range, with legacy units rolling to that level on turnover. |
| ¦ Identical unit mix across all 16 units simplifies turnover, marketing, capex planning, and on-site management. |
| ¦ 5-mile trade area of approximately 401,000 residents, median household income of $68,490, average age 37. |
| Cap Rate: | 4.99 % |
| Total Expenses: | $62,986 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 11 min | - | 7.2 mi | |
| Airport | Drive | Walk | Distance |
| Fresno Yosemite International | 11 min | - | 5.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 10 |
| Type: | Covered |
| Included in Rent: | Yes |