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https://www.londonproperties.com/property/link/fresno/649048/446-N-Maple-Ave/Fresno/https://www.londonproperties.com/images/props/fresno/full/649048.jpgLondon Properties Fresno Real Estate | 446 N Maple Ave
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.
Property Type
Multi Family
Property Subtype 1
5 to 15 Units
Year Built
1971
Region
Urban
Stories
Two
Total Units
6
Price Per Square Foot
$171
Price Per Acre
$5,574,216
Days On London
21
Cumulative Days On London
21
County
Fresno
REO / Bank Owned
No
Cross Street Address
Maple/Belmont
Directions
Exit eastbound Highway 180 on N Chestnut Ave and turn right heading south on N Chestnut Ave. Turn right heading West on E Belmont Ave then turn left heading south on N Maple Ave. 446 N Maple will be on your left-hand side.
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Last modified 3 weeks ago Fresno MLS last checked for updates 48 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.