Alpine Apartments

09-16-2022
09-26-2022

2330 E Ashlan Ave, Fresno, CA 93726

Property Description

Solid Occupancy with Strong Cash Flow – Alpine Apartments is being delivered 100% occupied providing investors an opportunity to enhance yield in the near-term with a slight rental increase.
Highly Desirable Unit Mix – The property offers a mix of 2 - 1 Bedroom/1 Bath, 24 - 2 Bedrooms/1 Bath, 9- 2 Bedrooms/2 Baths, and 2 - 3 Bedrooms/1 Bath floorplans.
Convenient to Shopping, Dining & Retail – The property is located within 0.7 miles or a 14-minute walk from conveniences, shopping, dining, and service-based businesses in the surrounding area.
Proximity to Higher Education – Alpine Apartments enjoys a desirable location convenient to Pyle Elementary, Del Mar Elementary School, Tioga Middle School, Aspen Valley Prep Academy, and Hoover High School. Every summer, the property receives numerous rental applications from parents who want their children to be in the district and able to walk to these schools. In addition, the community is located within 8 miles or 13-minute drive to Fresno Pacific University, California State University Fresno, and Fresno City College.
Easy Access to Highway and Proximity to Fresno Yosemite International Airport – Alpine Apartments is within proximity to California State Route 41, and 6-mile drive to Fresno Yosemite International Airport.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 6,000,000
No. of Units
37
Cap Rate
6.41%
Year Built
1971
Building Size
31,352 Sq ft
Lot Size
2 acres
No. of Stories
2
No. of Parking Spots
57
Opportunity Zone
No
Price per unit
$ 162,162
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36.793501, -119.783096

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