Alpine Apartments
2330 East Ashlan Avenue
Fresno,
CA 93726
37 Units
Property Summary
| Price | $5,750,000 |
| Price Per Unit | $155,405 |
| Units | 37 |
| Year Built | 1971 |
Investment Highlights
- Strong & Robust Occupancy Rate Delivering Steady Cash Flow
- Diverse Unit Mix Offering High Demand & Appeal
- Convenient to Shopping, Dining & Retail
- Convenient Location near Higher Education Institutions
- Easy Access to Highway & Proximity to Fresno Yosemite International Airport
Property Description
The Mogharebi Group is pleased to present the opportunity to acquire Alpine Apartments, a 37-unit multifamily community located in the city of Fresno, California. Built in 1971, 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. Alpine Apartments is being delivered 100% occupied providing investors an opportunity to enhance yield in the near-term with a slight rental increase.
2330 East Ashlan Avenue
Fresno, CA 93726
Fresno, CA 93726
Alpine Apartments is located less than a mile from conveniences, shopping, dining, and service-based businesses in the surrounding area. The property also enjoys a desirable location convenient to several local schools, and every summer, it 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 a short drive to Fresno Pacific University, California State University Fresno, and Fresno City College. Alpine Apartments is convenient to State Route 41 and is a 6-mile drive to Fresno Yosemite International Airport.
Listing Advisors
Robin Kane
Brendan Kane
Based on this listing
