For Sale
Property Photo

$799,900

For Sale

446 N Maple Ave, Fresno, CA 93702

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Property Highlights

Residential Income

Property Type

Multi Family

Sub Type

1971

Year Built

4,680

Sq Ft

12

Bedrooms

6.0

Bathrooms

97

Days On Properkey

0.14

Lot (acres)

649048

MLS #

FRESNO

MLS Source

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.

Listed by Jin Kim • DRE #01456017 • The JKRE Investment Group

Contact: [email protected]

MLS #: 649048
Source: FRESNO

Property Features

Lot Features: Urban

Building & Construction

Construction Materials
Stucco
Roof
Wood, Composition
Foundation
Concrete Perimeter

Interior & Comfort

Heating
Floor or Wall Heat
Cooling
Wall/Window Unit(s)
Fireplace
None

Utilities

Nearby

Active Pending Closed Rental

High School

Fresno Unified District

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