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1262 N Marks Ave
Fresno, CA 93722
North Marks Apartments · Immeuble residentiel Bien À vendre
·
22 Lots
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Résumé analytique
1262 N Marks Ave. Fresno, CA 93722 presents a 22-Unit Garden-Style Apartment Community
Stable cash flow Value-add momentum already in motion. This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.
Approximately Most of the units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay. The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.
Offered at a 4.06 Cap Rate
Property Highlights
22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
Most units have received substantial interior renovations
Unit mix:
1 four-bedroom/2-bath (1,103 SF)
11 three-bedroom/2-bath (1,056 SF)
10 two-bedroom/1-bath (864 SF)
Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
Laundry hookups in all 22 units; one building features a community laundry facility
All units have direct outdoor access to lawn areas with mature trees and shaded common space
Roofs and HVAC systems replaced within the last 10 years approximately
Zoning: R-2 Low Density Multi-Family Residential
Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.?Within a 10-minute radius. California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options. Roeding Park is approximately five minutes away.
Stable cash flow Value-add momentum already in motion. This 22-unit, six-building garden-style community represents a rare chance to acquire a well-capitalized, income-producing asset in a supply-constrained Fresno submarket, with the heavy lifting on renovations largely done.
Approximately Most of the units have already received substantial interior upgrades, positioning the property to capture market-rate rents with minimal near-term capital outlay. The remaining units represent a clear, executable path to rent growth and accelerated returns for the right operator.
Offered at a 4.06 Cap Rate
Property Highlights
22 single-story units across six one-story buildings; no stairs, no elevators, low maintenance
Most units have received substantial interior renovations
Unit mix:
1 four-bedroom/2-bath (1,103 SF)
11 three-bedroom/2-bath (1,056 SF)
10 two-bedroom/1-bath (864 SF)
Total rentable area: 21,312 SF under roof - averaging 969 SF per unit, consistent with competitive market comps
Laundry hookups in all 22 units; one building features a community laundry facility
All units have direct outdoor access to lawn areas with mature trees and shaded common space
Roofs and HVAC systems replaced within the last 10 years approximately
Zoning: R-2 Low Density Multi-Family Residential
Home and pest inspection provided
Location
An opinion is shared, this location and zoning might serve other uses - let's talk.
Situated minutes from Highway 99 and Highway 180, the property offers easy regional connectivity.?Within a 10-minute radius. California State University Fresno, the arts and entertainment hub of the Tower District, and abundant retail and dining options. Roeding Park is approximately five minutes away.
Informations sur l’immeuble
Caractéristiques
Caractéristiques du lot
- Chauffage
- Cuisine
- Four
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 3+2 | 22 | - | 93 |
Taxes foncières
| Numéro de parcelle | 449-291-09 | Évaluation des aménagements | 1 970 863 € |
| Évaluation du terrain | 268 754 € | Évaluation totale | 2 239 617 € |
Taxes foncières
Numéro de parcelle
449-291-09
Évaluation du terrain
268 754 €
Évaluation des aménagements
1 970 863 €
Évaluation totale
2 239 617 €
1 sur 53
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