3231 N Van Ness Blvd
Fresno, CA 93704

Marcus & Millichap is pleased to present a six-unit apartment property located in Fresno, California. The city of Fresno is the Central Valley's largest population with at least one million residents, and Fresno vacancies were among the lowest in the nation to start 2019. Multi-family fundamentals are strong as both vacancy and rent growth are outperforming the national average. This unique offering consists of two one-bedroom/one-bathroom units that are 1400 square feet each and four two-bedroom/one-and-one-half bath units that are 1400 square feet each. The subject property sits on 0.58 acres. The property includes central HVAC, assigned covered parking, laundry area, and a swimming pool. This location is the starting point for the Van Ness Boulevard Christmas Tree Lane, drawing thousands of people each year. It also allows for easy access to shopping, restaurants, and entertainment. The right buyer for this property will own an apartment building that is well-managed, has updated units and a beautiful swimming pool in a strong Fresno sub-market. A new owner will be able to immediately raise rents across the board and increase monthly gross income by more than $1,000.