Van Ness Ave
Fresno, CA 93721
Updated:
Offering Memorandum (OM)
Downtown Fresno 9-Story Redevelopment – 197 Units or Hotel | Opportunity Zone | $114/SF
Asking Price$ 14,930,000
Buyer Commission2 – 2.5%
Property Type5+ Units (Multifamily)
Building Size (sq ft)130,358
# of Units197
# of Building Stories9
ConditionValue-Add
OccupancyVacant
UrgencyFlexible
Repair Budget$ 8,000,000
Projected NOI$ 2,000,000
Estimated Resale Price$ 35,000,000
Pro Forma Cap Rate5.71%
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Property Location
BBen D.
Property Owner
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