Description
Unit Mix: 18 units2x 1-bed/1-bath (750 SF), 13x 2-bed/2-bath (850 SF), 2x 3-bed/2-bath (1,100 SF), and 1x 2-bed/2-bath office (950 SF); average unit size ~872 SF.Renovation Upside: Value-add potential via continued interior upgrades and rent alignment with comps.In-Place Performance with Growth Potential: Current average rent $1,564 ($1.79/SF) vs. market average $1,626 ($1.86/SF).Central Fresno Location: Positioned in the McLane submarket, near Fashion Fair, Fig Garden Village, River Park, and major employers including Fresno State and Fresno City College.Fresno showing steady employment growth and projected rent increases.Efficient Footprint: Single-story design simplifies operations and maintenance, ideal for efficient management of a smaller asset.
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36BEDS
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1.5ACRES
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34BATHS
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01/2 BATHS
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15,700SQFT
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$286$/SQFT
School Information
Description
Unit Mix: 18 units2x 1-bed/1-bath (750 SF), 13x 2-bed/2-bath (850 SF), 2x 3-bed/2-bath (1,100 SF), and 1x 2-bed/2-bath office (950 SF); average unit size ~872 SF.Renovation Upside: Value-add potential via continued interior upgrades and rent alignment with comps.In-Place Performance with Growth Potential: Current average rent $1,564 ($1.79/SF) vs. market average $1,626 ($1.86/SF).Central Fresno Location: Positioned in the McLane submarket, near Fashion Fair, Fig Garden Village, River Park, and major employers including Fresno State and Fresno City College.Fresno showing steady employment growth and projected rent increases.Efficient Footprint: Single-story design simplifies operations and maintenance, ideal for efficient management of a smaller asset.
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