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https://www.londonproperties.com/property/link/fresno/652444/922-L-Street/Sanger/https://www.londonproperties.com/images/props/fresno/full/652444.jpgLondon Properties Sanger Real Estate | 922 L Street
Offered at a 7.37% cap rate, the property pairs limited expense risk with minimal near-term capital needs and a layout that supports premium rents. Tenants pay 100% of their utilities sewer, water, and trash included an uncommon arrangement that shields ownership from expense creep and keeps the operating expense load exceptionally low. Ownership has recently completed extensive updates, including brand-new AC mini-splits, updated interiors with new fixtures and finishes, new electrical panels, and new appliances, significantly reducing a buyer's exposure to near-term capital expenditures. Each unit is also its own standalone building with space between neighboring units, offering tenants more privacy and less noise with no shared walls a desirable layout that helps sustain above-market rents.
Property Type
Multi Family
Property Subtype 1
5 to 15 Units
Year Built
1959
Region
Urban
Stories
One
Total Buildings
6
Total Units
6
Price Per Square Foot
$229
Price Per Acre
$2,207,249
Days On London
0
Cumulative Days On London
0
County
Fresno
Documents Available
Profit & Loss, Cash Flow Analysis
Special Features
Laundry in Each Unit
REO / Bank Owned
No
Cross Street Address
10th St and L St
Directions
Go South on Acadamey, and then go left onto 9th St. Then, take the first right onto L St. The property will be located on left side of road approx. 150 feet down L St.
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Last modified 2 hours 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.