446 N Maple Avenue, Fresno, CA 93702

Property Description

Rare opportunity to acquire a six-unit multifamily property in Fresno with a 6.77% cap rate based on scheduled rents and proforma operating expenses. Five of six units are currently leased, with the sixth being turned and expected to be re-leased in the coming weeks. Scheduled gross rent is $7,150 per month, or $85,800 annualized. One unit is leased to a tenant whose rent is paid in full through a Veterans Affairs housing program, providing a reliable, government-backed payment source on that unit. In-place rents range from $1,095 to $1,300 per unit, leaving room for measured organic growth, and the unit currently in turn allows the incoming owner to set market rent immediately upon delivery. 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 month-to-month rent upside. Financials, rent roll, and additional due diligence materials available upon request.