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$2,950,000

Est. payment - /mo

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2 BD

1 BA

816 SqFt

Pending

5145 E Lane Avenue Fresno, CA 93727

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/30/2024 05:44 PM

Key Details

Property Type Multi-Family

Sub Type 16 Units & More

Listing Status Pending

Purchase Type For Sale

Square Footage 816 sqft

Price per Sqft $3,615

MLS Listing ID 617400

Bedrooms 2

Year Built 1988

Lot Size 910 Sqft

Property Description

Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation's hottest submarkets.100% OCCUPIED WITH RENTAL UPSIDEThe Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near-term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SFThe Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.LA HACIENDA COMMUNITY FEATURESThere are two sparkling pools, fitness center and controlled access.

Location

State CA

County Fresno

Area 727

Interior

Heating Central Heat/Cool

Cooling Central Heat/Cool

Flooring Concrete Perimeter

Fireplaces Type None

Exterior

Exterior Feature Stucco

Garage Uncovered

Garage Spaces 17.0

Utilities Available Washer/Dryer (s)

Roof Type Composition

Parking Type Uncovered

Building

Story Multi/Split

Sewer Public Water, Public Sewer

Water Public Water, Public Sewer

Schools

Elementary Schools Greenberg

Middle Schools Kings Canyon

High Schools Sunnyside

School District Fresno Unified

Listed by Brendan Kane • Brendan Kane Real Estate

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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