5098 N Marty Ave, Fresno, CA 93711

Marcus & Millichap is pleased to present the Horizon West Apartments located in Northwest Fresno, CA. This unique opportunity represents a compelling case for investors seeking to maximize returns. Horizon West is all single-story buildings, built in 2008 and is a turn-key asset. All of the units have been upgraded, and there is still room to increase rents. The property is very well maintained and located in one of the most desirable places to live in Fresno (Northwest Fresno). At an attractive 5.29% Cap Rate on current operations and a 5.79% Cap Rate Year 1, Horizon West is attractively priced, highlighting a strong cash-on-cash return of over 5%. There is a very attractive assumable loan at an interest rate of 3.26% for approximately 11 years left.

Horizon West has a very favorable unit mix of (20) two-bedroom/one-bathroom units that are approximately 927 square feet and (40) two-bedroom/two-bathroom units that are approximately 996 square feet. All of the units have washer and dryer hookups and enclosed patios. In addition, well-equipped common areas, including pool with Gazebo area and picnic tables, fitness center and rental office with a clubhouse and covered parking. Situated in a robust rental market, Horizon West benefits from strong demand for housing, ensuring consistent occupancy and potential for rent growth. For investors seeking a well-positioned, well-located, income-generating turn-key key asset with rental upside, Horizon West represents a compelling opportunity.