Fulton Village | 51 Units in Fresno, CA | Unpriced | FOR SALE

1759 Fulton Street, Fresno, CA

$10,500,000

Price

4.5%

Cap Rate

$538,926

NOI

Overview
Cap Rate
4.5%
NOI
$538,926
Pro Forma Cap Rate
5.13%
Building Size
53,003 sqft
Lot Area
1.19 acres
Units
51
Year Built
2012
Parking Spots
81
HVAC
Centralized (1 / Unit)
Highlights
  • PRIME 2012 CONSTRUCTION WITH WASHER / DRYER HOOKUPS AND NO CA RENT CONTROL | Fulton Village was built in 2012 and is replete with state-of-the-art appliances and solar panels on all roofs. Due to being recently built, it is not subject to California rent control.
  • HIGHLY OCCUPIED WITH RENTAL UPSIDE | Fulton Village has run at near full occupancy over the last year with below market rent providing investors an opportunity to enhance yield in the near term with a slight rental increase and recovery of loss-to-lease.
  • EXCELLENT UNIT MIX | Fulton Village features an extremely desirable unit mix of 0 bed / 1bath (16.7%), 1 bed / 1 bath (18.8%), and 2 bed / 1.5 bath townhomes (64.6%) floor plans. Unit amenities include wood plank flooring, washer/dryer hookup, balcony/covered patios, and granite countertops. Common area amenities include attached garages and cutting edge GV Eco-Smart energy efficient technologies.
  • WALK SCORE OF 75 (VERY WALKABLE LOCATION) | This location is in the Mural Arts District neighborhood in Fresno. Fulton Village is walking distance to Mural Arts District Park, Arte Americas, Lowell Elementary School, and Kepler Neighborhood School. It is nearby the Community Regional Medical Center, Fresno Convention & Entertainment Center, and Chukchansi Park.
  • COMMUTABLE TO OVER 869,000 JOBS | Within a 30-, 60-, and 90-minute commute of Fulton Village there are approximately 422,758, 687,495, and 868,633 jobs, respectively. The 99 and 180 Highways offer easy access to jobs for an increasingly robust tenant base throughout Fresno, Clovis, and the surrounding Central Valley
  • LOCATED IN DOWNTOWN FRESNO | Fulton Village is in the heart of downtown Fresno within the Cultural Arts District. Located near a robust arts and food district, Fulton Village has access to over 50+ restaurants, 10+ museums, and the Fresno Convention & Entertainment Center.
Documents
Title
Offering Memorandum
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Location
Gallery