Description
Rarely does an opportunity come along that checks all the boxes for both immediate cash flow and long-term upside. This fully stabilized 10-unit multifamily property is generating $93,000 in actual NOI, offering a solid 6.64% cap rate on day one.What sets this property apart is the included vacant lot with city-approved plans to build an additional 5 units. Once developed, projected net operating income increases to $145,000+, pushing the pro forma cap rate to 10.3%+📍 Key Features:10 Turnkey Units - Fully Rented$12,000 Monthly Gross Income$93,000 Annual NOICity-Approved Lot for 5 Additional UnitsPro Forma NOI: $145,000+Cap Rate Today: 6.64%Cap Rate After Buildout: 10.3%+Low Maintenance | Stable Tenants | Room to Raise RentsLocated in a high-demand rental corridor in Fresno, this property is ideal for 1031 buyers, value-add investors, or developers looking to expand their portfolio with cash flow now and scalable upside built in.Don't miss this opportunity to own a high-performing asset with entitlement leverage already in place. Buy it. Build it. Bank it.
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20BEDS
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0.96ACRES
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10BATHS
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01/2 BATHS
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5,500SQFT
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$255$/SQFT
School Information
Description
Rarely does an opportunity come along that checks all the boxes for both immediate cash flow and long-term upside. This fully stabilized 10-unit multifamily property is generating $93,000 in actual NOI, offering a solid 6.64% cap rate on day one.What sets this property apart is the included vacant lot with city-approved plans to build an additional 5 units. Once developed, projected net operating income increases to $145,000+, pushing the pro forma cap rate to 10.3%+📍 Key Features:10 Turnkey Units - Fully Rented$12,000 Monthly Gross Income$93,000 Annual NOICity-Approved Lot for 5 Additional UnitsPro Forma NOI: $145,000+Cap Rate Today: 6.64%Cap Rate After Buildout: 10.3%+Low Maintenance | Stable Tenants | Room to Raise RentsLocated in a high-demand rental corridor in Fresno, this property is ideal for 1031 buyers, value-add investors, or developers looking to expand their portfolio with cash flow now and scalable upside built in.Don't miss this opportunity to own a high-performing asset with entitlement leverage already in place. Buy it. Build it. Bank it.
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