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5145 E Lane Avenue

Fresno, CA 93727
  • $3,250,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 617400
UPDATED: 50 min ago
$3,250,000
  • 2
    BEDS
  • 0.02
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 816
    SQFT
  • $3,983
    $/SQFT
Neighborhood:
727
Type:
Multi-Family
Built:
1988
County:
Area:
727

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation's hottest submarkets.100% OCCUPIED WITH RENTAL UPSIDEThe Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near-term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SFThe Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.LA HACIENDA COMMUNITY FEATURESThere are two sparkling pools, fitness center and controlled access.

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© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-09-08T08:47:00.94.
www.yourfresnorealty.com/homes/154003800
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5145 E Lane Avenue Fresno, CA 93727

  • Price: $3,250,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 50 min ago
  • ID#: 617400
2
Beds
1
Baths
0
½ Baths
0.02
Acres
816
SQFT
$3,983
$/SQFT
1988
Built
Neighborhood:
727
County:
Fresno
Area:
727
Elementary School:
Greenberg
Middle School:
Kings Canyon
High School:
Sunnyside
School District:
Fresno Unified
Property Description
Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation's hottest submarkets.100% OCCUPIED WITH RENTAL UPSIDEThe Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near-term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SFThe Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.LA HACIENDA COMMUNITY FEATURESThere are two sparkling pools, fitness center and controlled access.
Exterior Features

Exterior Stucco Facilities PoolExercise RoomPlay Yard Parking Uncovered Region Suburban Roofing Composition

Interior Features

Fireplace None Floor Concrete Perimeter Heating And Cooling Central Heat/Cool Stories Multi/Split

Property Features

Annual Expense 94733.00 Annual Income 313785.00 Cross Street Address Kings Canyon Documents Available Profit & LossCash Flow Analysis Expenses Include ManagementMaintenance/RepairTaxes Gas And Electric Public Utilities Income Includes Unit Rent Lease Type Net Leased Equipment Washer/Dryer (s) Lot Measurement SqFt Lot Size Source (Seller) Net Income 219052.00 Property Subtype1 16 Units & More Reo Or Bank Owned No Sewer Water Public WaterPublic Sewer Special Features Private PatiosOn-Site ManagerSecurity Gate Square Footage Source Seller Tenant Pays ElectricityWaterSewer Transaction Type Sale

Listing provided courtesy of Brendan Kane of Brendan Kane Real Estate: 559-892-0036.


© 2024 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-09-08T08:47:00.94.
 
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