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446 N Maple AVE Fresno, CA 93702
12 Beds
6 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $170
MLS Listing ID 649048
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1971
Lot Size 6,250 Sqft
Property Sub-Type Multi Family
Property Description
This property is being offered concurrently with 190 N Van Ness Ave, Fresno, CA 93701, a multi-tenant office building. The office building must be sold first or must close concurrently with the sale of 446 N Maple Ave. Rare opportunity to acquire a fully-occupied six-unit multifamily property in Fresno with an immediate 6.77% day-one cap rate based on current scheduled rents and proforma operating expenses. 446 N. Maple Avenue delivers stabilized cash flow from day one, a return profile increasingly difficult to source in California today. All six units are currently leased, generating $7,150 per month ($85,800 annualized) in scheduled gross rent. Significant upside remains for the next owner. In-place rents range from $1,095 to $1,300 per unit, leaving room for measured organic growth. Fresno continues to benefit from steady population growth, expanding healthcare and agricultural employment, and persistent rental demand driven by California's broader affordability gap. The Central Valley remains one of the few California submarkets where investors can still acquire stabilized multifamily assets at yields approaching 7%. 446 N. Maple is an ideal acquisition for 1031 exchange buyers, private investors seeking turnkey cash flow, or operators looking for a value-add platform with built-in MTM rent upside. Financials, rent roll, and additional due diligence materials available upon request.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Wood,Composition
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Fresno Unified
Listed by The JKRE Investment Group
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