Description
New Construction, Plans approved through the city of Fresno. 4 Units, Each unit has 3 Bedrooms and 2 Bathrooms with washer/dryer hookups and solar.. Each unit to be over 1000 square feet of living space and to be equipped with appliances. Floor units are constructed with a concrete 3D printer. They will be ecologically friendly with much less maintenance. They will also be more resistant to water damage, fire damage and termite damage. Additionally these building are much more resistant to earthquake damage the traditional build. Each unit should rent for a minimum of $1700. Calculating 10% for operating expenses this renders a 6% CAP rate at the current price. Price is discounted for sale before construction. If property is not sold before construction is started price will be $1.5mil rendering a 5% CAP rate. By purchasing early you receive a much better buy.
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12BEDS
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0.29ACRES
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8BATHS
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01/2 BATHS
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4,112SQFT
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$292$/SQFT
School Information
Description
New Construction, Plans approved through the city of Fresno. 4 Units, Each unit has 3 Bedrooms and 2 Bathrooms with washer/dryer hookups and solar.. Each unit to be over 1000 square feet of living space and to be equipped with appliances. Floor units are constructed with a concrete 3D printer. They will be ecologically friendly with much less maintenance. They will also be more resistant to water damage, fire damage and termite damage. Additionally these building are much more resistant to earthquake damage the traditional build. Each unit should rent for a minimum of $1700. Calculating 10% for operating expenses this renders a 6% CAP rate at the current price. Price is discounted for sale before construction. If property is not sold before construction is started price will be $1.5mil rendering a 5% CAP rate. By purchasing early you receive a much better buy.
© 2023 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: 2023-05-30T15:46:54.92.