College Apartments
4550-4596 East Sierra Madre Avenue
Fresno,
CA 93710
40 Units
Property Summary
| Price | $4,895,000 |
| Units | 40 |
| Year Built | 1956 |
| Rentable SF | 27,200 |
Investment Highlights
- Across the Street from California State University, Fresno
- Value-Add Opportunity
- Convenient to Shopping, Dining & Retail
- Attractive Assumable Loan
- Excellent Freeway Access
Property Description
College Apartments enjoys a prime location across the street from California State University, Fresno, which has an overall student population of over 22,710, with only 1,200 students able to live in on-campus housing. It is well-positioned to provide one solution to the remaining student body. The community provides the right investor with the opportunity to increase potential rent with upgrades to units and common area. Competitive modernized communities indicate a significant rental premium for remodeled units.
4550-4596 East Sierra Madre Avenue
Fresno, CA 93710
Fresno, CA 93710
College Apartments is well located in close proximity to conveniences, shopping, dining, and service-based businesses in the surrounding area. It is within one block from Campus Pointe shopping center with Maya Cinemas, several restaurants, and Save Mart Event Center. The property enjoys quick access to the 168 Sierra Freeway and 41 Yosemite Freeway, providing residents with easy commutes to the greater Central Valley region.
Listing Advisors
Robin Kane
Brendan Kane
Based on this listing
