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32818427
32818426

446 N. Maple Avenue, Fresno, CA 93702 For Sale

JK
CA CA 01456017
Colliers - Fresno, California
CB
CA 02274060
Colliers - Fresno, California
Listed by Colliers - Fresno, California
$799,900
58 days on market
Updated 52 days ago

446 N. Maple Avenue

Details
APN 460-081-16
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,680
Units 6
Beds 12
Cap Rate 7.19%
NOI $57,550
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.00%
Price per SqFt $171
Year Built 1971
Stories 2
Lot Size (SqFt) 6,250
Zoning NMX
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.28
Investment Type Stabilized

6-Unit Cash-flowing property with proven profitability, steady occupancy, and a year-1 7+% cap rate

Marketing description

446 N Maple Avenue is a six-unit multifamily property located in Fresno, California. Configured across two stories with Units 101-103 on the ground floor and Units 201-203 above, the asset is offered completely turnkey and is backed by several years of proven profitability, giving new ownership a stabilized, fully operational property with a demonstrated income stream rather than a speculative pro forma.

Every unit at the property has been updated, delivering modernized interiors that appeal to today's renters and minimizing near-term capital requirements for incoming ownership. The improvements throughout the building position 446 N Maple to continue attracting quality tenants and maintaining strong occupancy going forward.

The property includes six carport spaces, one assigned to each unit, as well as an on-site laundry room that is currently unused and available for activation as an additional income stream.

Together, the updated units, consistent operating history, and turnkey condition make 446 N Maple a low-maintenance, stabilized asset with built-in upside.

Investment highlights

  • Qualifies for housing assistance programs such as Section 8
  • Strong cash flow potential and a solid foundation for investors seeking portfolio growth
  • Centrally located in Fresno and in close proximity to Freeways 168 and 180
  • Proven profitability verified with two years of P&L's
  • On-site laundry room for extra income
  • SB 721 inspections completed

Listing Contacts

JK
CA CA 01456017
Colliers - Fresno, California
CB
CA 02274060
Colliers - Fresno, California
Listed by Colliers - Fresno, California

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,549.90
$4,795.83/mo

Valuation Metrics

0
DSCR
7.19%
Cap Rate
7.19%
ROI

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Additional Information

Name
Jeff Kim
License
CA 01456017
Name
Chris Byrd
License
02274060
Brokerage
Colliers International
Brokerage Phone
5592211271
Brokerage Address
7485 North Palm Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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