- For Sale $2,800,000
- Property Type Multi-Family
- Property Size 11,900 SF
- Units 14
- Lot Size 0.9 Acre
- Cap Rate % 5.72
- Parking Spaces Avail. 14
- Parking Ratio 1.17 / 1,000 SF
- Year Built 1961
- Year Renovated 2022
- Date Updated Apr 15, 2024
This brand new recently renovated turnkey property has a total of 14 units laid out into a two story building. Constructed in 1961 and renovated in 2022 this property has amazing key features which has increased its value immensely. This property has a security gate and alarm system that was built in for resident safety. The property consists of (13) two bedroom- two bathroom units and (1) three bedroom-two bathroom unit. Each unit is individually metered for utilities. There is onsite laundry making it convenient for all tenants. Recent upgrades include new roof, siding, paint, and double pane windows. The interiors were upgraded with new floors, appliances, fixtures, and hardware. All kitchens are updated with wood cabinets and granite countertops. Bathrooms were upgraded with copper plumbing. Lastly, all AC and water heaters were replaced with 10+ year lifespans.
Priced at 2,800,000 with a 5.72 Cap Rate.
Highlights:
Individually metered utilities
Turnkey property, recently renovated
Security gate and alarm system for resident safety
Gated community with covered parking, including two garages
Onsite storage available for tenant fees
Onsite laundry with WASH contract
Recent Upgrades:
New roof, siding, paint, and double-pane windows
Updated interiors with new floors, appliances, fixtures, and hardware
Wood cabinets and granite countertops in kitchens
Bathrooms with copper plumbing
AC & water heaters replaced or with 10+ year life
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Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
76/100
Very Walkable
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Transit Score ®
46/100
Some Transit
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Bike Score ®
64/100
Bikeable
- City Fresno, CA
- Neighborhood McLane
- Zip Code 93726
- Market Bay Area
Points of Interest
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Fresno
3.49 miles
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eVgo
1.43 miles
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Speedway
1.87 miles
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Valero
2.35 miles
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Penny Wise
2.70 miles
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Valero
2.85 miles
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Arco
3.16 miles
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Chevron
3.21 miles
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Chevron
3.21 miles
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Arco
3.26 miles
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Sinclair
3.31 miles
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Fresno County Employee Parking Garage
3.73 miles
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Convention Center Garage
3.74 miles
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Parking Lot T: Visitor Parking
4.06 miles
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Parking Lot F
4.10 miles
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Fowler Ave Park N Ride
6.30 miles
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Parking Lot C
7.25 miles
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Parking Lot B
7.26 miles
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Parking Lot M1
7.31 miles
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Parking Lot D
7.32 miles
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Parking Lot A
7.35 miles
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Travelodge Highway 41 Fresno
0.18 miles
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Motel 6 Fresno - Blackstone South
0.23 miles
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Clarion Pointe Fresno Near Yosemite
0.35 miles
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Rodeway Inn & Suites
0.38 miles
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Red Roof Inn Fresno - Yosemite Gateway
0.38 miles
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The Hotel Fresno
0.39 miles
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Motel 6 Fresno - Blackstone North
0.51 miles
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Best Western Village Inn 3
0.69 miles
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Best Western Village Inn 2
0.70 miles
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Best Western Village Inn 1
0.72 miles
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El Pollo Loco
0.41 miles
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Noodle Q Home Style Fresh Noodles and Sushi
0.52 miles
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In-N-Out Burger
0.54 miles
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Manchester Steakhouse
0.60 miles
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Panda Express
0.60 miles
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Deli Delicious
0.61 miles
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King Buffet
0.61 miles
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Tacos y Tortas Chalio's
1.34 miles
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Carl's Jr.
1.80 miles
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Burger King
2.11 miles
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Manchester Gate Elementary School
0.22 miles
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Del Mar Elementary School
0.53 miles
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Fort Miller Middle School
0.54 miles
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Pyle Elementary School
0.55 miles
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La Fayette School
0.94 miles
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Holland Elementary School
0.96 miles
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Birney Elementary School
1.08 miles
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Ginsburg Physically and Educationally Handicapped School
1.33 miles
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Addams Elementary School
1.36 miles
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Park Christian School
1.37 miles
Frequently Asked Questions
What is the lease rate for Twin Palms Apartments?
Rental asking rate at Twin Palms Apartments is $1,400,000.00/YR.
What is the total square footage of Twin Palms Apartments?
Twin Palms Apartments totals 11,900 square feet.
When was this property built?
Twin Palms Apartments was built in 1961.
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