4308 E Woodward, Fresno, CA 93702
- $3,995,000
- List Price
- $3,995,000
- Status
- ACTIVE
- MLS#
- CV26103626
- Year Built
- 1992
- Lot Size
- 101,495
- Acres
- 2.33
- Lot Location
- Lot Over 40000 Sqft
- Days on Market
- 76
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex situated on additional acreage with future development potential. Originally designed and entitled as a 21-unit condominium project with separate APN numbers, the property was later converted into a professionally operated apartment community, offering investors flexibility and long-term upside potential. The current ownership has extensively upgraded and meticulously maintained the property, resulting in strong tenant retention and stable rental income consistent with the area’s high demand. The unit mix consists of 7 spacious 3-bedroom, 1.5-bath units and 14 well-appointed 2-bedroom, 1.5-bath units, appealing to a broad tenant base. With additional land available for possible expansion and increased density potential (buyer to verify with local agencies), this property presents a rare opportunity to acquire a stabilized asset with both immediate cash flow and future development upside. Ideal for investors seeking a pride-of-ownership asset with proven performance and value-add potential.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 21
- Gross Scheduled Income
- $307,440
- Operating Expense
- 89256
Listing courtesy of Listing Agent: Sean Brunske (seanbrunsk@aol.com) from Listing Office: RE/MAX CHAMPIONS.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.