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WM
PM
VM
SM

Van Ness Ave

Fresno, CA 93721

Updated:
Offering Memorandum (OM)

Opportunity Zone – 197-Unit Apartment or Hotel Repositioning Opportunity | Downtown Fresno, CA

Asking Price$ 14,930,000
Buyer Commission2 – 2.5%
Property Type5+ Units (Multifamily)
Building Size (sq ft)130,358
# of Units197
# of Stories9
ConditionValue-Add
OccupancyVacant
UrgencyFlexible
Repair Budget$ 8,000,000
Projected NOI$ 2,000,000
Estimated Resale Price$ 35,000,000
Pro Forma Cap Rate6%

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