1561 North Van Ness Avenue

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1561 North Van Ness Avenue

Fresno, CA 93728
Asking Price
$2.60M
Cap Rate
5.6%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Fantastic opportunity to own a 16 unit property with $145,614 in Net Operating Income. <ul><li>​Well-maintained 16-unit building offers strong cash flow with only one current vacancy</li><li>​Units are in high demand, and vacancies lease quickly</li><li>​Recent improvements include a new roof</li><li>​Ideally located near Fresno City College, Fresno High School, and the vibrant Tower District</li><li>​Easy access to Highway 41 and Highway 180</li><li>​3 level unit - first two levels feature 1 bedroom, 1 bath units; third level features 8 studios</li><li>​Property is on the histori

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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