446 N Maple AVE, Fresno, CA 93702
446 N Maple AVE, Fresno, CA 93702
446 N Maple AVE, Fresno, CA 93702
446 N Maple AVE, Fresno, CA 93702
446 N Maple AVE, Fresno, CA 93702
446 N Maple AVE, Fresno, CA 93702
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Scott D. Comstock

Scott D. Comstock

+1(559) 681-9500
$ 799,900
Est. payment | /mo

12 Beds

6 Baths

4,680 SqFt

Save
$ 799,900
Est. payment | /mo
Save

12 Beds

6 Baths

4,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,680 sqft

Price per Sqft $170

MLS Listing ID 649048

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1971

Lot Size 6,250 Sqft

Property Sub-Type Multi Family

Property Description

This property is being offered concurrently with 190 N Van Ness Ave, Fresno, CA 93701, a multi-tenant office building. The office building must be sold first or must close concurrently with the sale of 446 N Maple Ave. Rare opportunity to acquire a fully-occupied six-unit multifamily property in Fresno with an immediate 6.77% day-one cap rate based on current scheduled rents and proforma operating expenses. 446 N. Maple Avenue delivers stabilized cash flow from day one, a return profile increasingly difficult to source in California today. All six units are currently leased, generating $7,150 per month ($85,800 annualized) in scheduled gross rent. Significant upside remains for the next owner. In-place rents range from $1,095 to $1,300 per unit, leaving room for measured organic growth. Fresno continues to benefit from steady population growth, expanding healthcare and agricultural employment, and persistent rental demand driven by California's broader affordability gap. The Central Valley remains one of the few California submarkets where investors can still acquire stabilized multifamily assets at yields approaching 7%. 446 N. Maple is an ideal acquisition for 1031 exchange buyers, private investors seeking turnkey cash flow, or operators looking for a value-add platform with built-in MTM rent upside. Financials, rent roll, and additional due diligence materials available upon request.

Location

State CA

County Fresno

Interior

Heating Floor or Wall Heat

Cooling Wall/Window Unit(s)

Fireplaces Type None

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Wood,Composition

Building

Lot Description Urban

Story 2

Foundation Concrete Perimeter

Water Public

Schools

High Schools Fresno Unified

Fresno MLS
Listed by The JKRE Investment Group

NEARBY SCHOOLS & PROPERTIES

Scott D. Comstock

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 681-9500

scott@homesandwealth.com

Serving ALL of California, United States

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446 N Maple AVE