DOCSLIB.ORG

AVAILABLE for Sale

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
AVAILABLE for Sale MAPLE AVENUE APARTMENTS AVAILABLE FOR SALE 809 S. Maple Avenue - Fresno, California MAPLE AVENUE APARTMENTS Apartments will not be shown without the listing agent present. Please do not tour the property unaccompanied or disturb residents. If you would like to view the property, please call the listing agent to schedule a time of mutual convenience. 9 Apartment Units For Additional Information Contact: Dustin Ilic, CCIM Asking Price: $620,000 Vice President - Investment Division 559.447.6292 - [email protected] $68,888 per Unit CA DRE #01772625 Brice Ewell Sales Associate One-bedroom, One-bath Units 559.447.6253 [email protected] CA DRE #02019233 Year Built: 1956 FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 Independently Owned and Operated VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. MAPLE AVENUE APPARTMENTS | 809 S. MAPLE AVENUE - FRESNO, CA AVAILABLE FOR SALE Disclaimer This marketing material is presented in order to provide preliminary information about the Property offering. It is intended to establish a level of interest in the Property, but the information provided is not all inclusive. There may be other relevant material or market factors which have not been presented, but which bear materially on this asset for sale. This brochure should not be considered a substitute for thorough due diligence. The material provided has been obtained from sources we believe to be reliable. We have not verified the information and make no guarantee, warranty, or representation about it. It is the responsibility of the recipient of this information to independently confirm its accuracy and completeness. This information should not be relied upon without a careful and independent investigation. Newmark Grubb Pearson Commercial makes no warranty or representation regarding the subject property, its physical condition, or its financial records. The Property is being offered for sale “As Is”. There are no reserves for replacement or capital improvements to be transferred with the Property. Any prospective purchaser is strongly encouraged to conduct a thorough due diligence examination of all property and market factors. Dustin Ilic, CCIM Brice Ewell Vice President - Investment Division Sales Associate For Additional Information Contact: 559.447.6292 559.447.6253 [email protected] [email protected] CA DRE #01772625 CA DRE #02019233 FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 Independently Owned and Operated VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. MAPLE AVENUE APPARTMENTS | 809 S. MAPLE AVENUE - FRESNO, CA EXECUTIVE SUMMARY AVAILABLE FOR SALE Maple Avenue Apartments List Price: $620,000.00 GIM: 10.23 CAP: 6.98% Price per Unit: $68,888.00 Price per SF : $140.21.00 Property Facts Cross Street: East El Monte Avenue Tax Parcel Number: 470-083-25 Year Built: 1956 Construction Type: Masonry Block Roof Type: Pitched Foam Building Class: C Location Class: C Zoning: MA09-R-3 Unit Details Washer/Dryer: Common Area HVAC: Wall-mounted AC & Gas Wall Heaters Fireplaces in Units: No Fire Sprinkler: No Cable TV: Yes -Tenant No. of Stories: One No. of Parking Spaces: 9 Covered + overflow Clubhouse: No Configuration:The property is located on a regular shaped parcel of land totaling 0.22± acres and is improved with a 9 unit, single story garden style apartment complex totaling approximately 4,422± square feet according to Assessor records. The property was completed in approximately 1956. Construction is masonry block on concrete slab. The project consists of 9 one bedroom, one bathroom units of approximately 475± square feet. Unit square footages are based on records available to this office and should be verified by any prospective buyer. Interior unit amenities include range and oven, tile flooring, double pane windows, window AC units, and wall mounted gas heaters. All units are individually metered for gas and electricity, each unit has its own separate hot water heater. FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 Independently Owned and Operated VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. EXECUTIVE SUMMARY CONTINUED AVAILABLE FOR SALE Utilities: All utilities are available to the site. Electric service is provided by Pacific Gas & Electric. Water and sewer are provided by the City of Fresno. Parking: There are a total of 9 covered parking spaces. Overflow parking available on the street. Area: 809 S. Maple Avenue Apartments are located just south of Kings Canyon Road on Maple Avenue. The immediate area is developed primarily to single-family residential. Public transportation, employment, education, entertainment, and shopping are all readily available along Kings Canyon Road. The Fresno Fair Grounds are immediate opposite the property to the west. Eastgate Shopping Center is one block to the east on Kings Canyon Road featuring Grocery, Drug, Fast Food, Banking, and many other service related opportunities for residents. Roosevelt High School is within 2 blocks from the property. Terms: 809 S. Maple Avenue Apartments are a “value added” opportunity. The project is currently 100% occupied. PROPERTY PHOTOS FRESNO OFFICE 7480 N Palm Ave #101, Fresno CA 93711 559.432.6200 Independently Owned and Operated VISALIA OFFICE 3447 S Demaree St , Visalia CA 93277 559.732.7300 www.newmarkpearson.com Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal. 809 S Maple Ave Units: 9 Fresno, CA 93702 Operating Statement FINANCIAL SUMMARY Income Current Proforma Year 1 Notes Per Unit Gross Scheduled Rent $ 60,600 $ 70,200 $ 7,800 AVAILABLE Vacancy FOR$ (3,030) S5%ALE $ (3,510) 5% [1] $ (390) Effective Rental Income $ 57,570 $ 66,690 Other Income 809 Misc.S Maple Ave $ Units: - 9 $ - [2] $ - Fresno,Laundry CA 93702 $ - $ 1,800 [3] $ 200 Total Other Income $ - $ 1,800 $ 200 OperatingEffective Gross Statement Income $ 57,570 $ 68,490 $ 7,610 Expenses Current Proforma Year 1 Notes Per Unit Income Current Proforma Year 1 Notes Per Unit Real Estate Taxes $ 3,229 $ 7,733 [4] $ 358.78 Gross Scheduled Rent $ 60,600 $ 70,200 $ 7,800 Insurance $ 1,740 $ 1,740 [5] $ 193.33 Vacancy $ (3,030) 5% $ (3,510) 5% [1] $ (390) Utilities - Electric $ 191 $ 191 [6] $ 21.20 Effective Rental Income $ 57,570 $ 66,690 Utilities - Water, Sewer & Trash $ 4,140 $ 4,140 [7] $ 460.00 Other Income Repairs & Maintenance $ 4,500 $ 4,500 [8] $ 500.00 Misc. $ - $ - [2] $ - Landscaping
Load more

Recommended publications
  • Board Meeting Reminder
    I BOARD MEETING REMINDER The October 4, 201 7, Board meeting begins at 10:00 a.m.; (March through October meetings begin at 10:00 a.m.) Note: The meeting location is Fresno Metropolitan Flood Control District Board Room 250.20 STATE OF CALIFORNIA Edmund G. Brown, Jr., Governor 5469 E. Olive Avenue SAN JOAQUIN RIVER CONSERVANCY Fresno, California 93727 Telephone (559) 253-7324 Fax(559)456-3194 The San Joaquin River Conservancy Governing Board www.sjrc.ca.gov will hold a regular meeting on Wednesday, October 4, 2017, commencing at 10:00 a.m. GOVERNING BOARD Andreas Borgeas, Chairperson Board Meeting Location: Fresno County Board of Supervisors Fresno Metropolitan Flood Control District Brett Frazier, Vice-Chairperson 5469 E. Olive Ave., Fresno CA 93727 Madera County Board of Supervisors The following location is also open to Board members Steve Brandau and the public for attendance via phone conference: Councilmember, City of Fresno California Natural Resources Agency William Oliver 1416 Ninth Street, Ste. 1311 Councilmember, City of Madera Sacramento, CA 95814 Roy Spina, Director Fresno Metropolitan Flood Control MEETING AGENDA District CALL TO ORDER & PLEDGE OF ALLEGIANCE Carl Janzen, Director Madera Irrigation District A. ROLL CALL Julie Vance, Regional Manager Department of Fish and Wildlife B. PUBLIC COMMENT & BUSINESS FROM THE FLOOR The first ten minutes of the meeting are reserved for members Kent Gresham, Sector Superintendent of the public who wish to address the Conservancy Board on Department of Parks & Recreation items of interest that are not on the agenda and are within the John Donnelly, Executive Director subject matter jurisdiction of the Conservancy.
    [Show full text]
  • Doctor, Nurse Shortage Worsens As Demand Grows Breanna Hardy | Page 5
    www.thebusinessjournal.com UPDATED DAILY MARCH 26, 2021 thebusinessjournal.com the FOCUS | 9 Technology Apps give small businesses more firepower the EXECUTIVE PROFILE | 12 SIX FLAGS OVER FRESNO? Source: Negotiations underway to bring Christa Atchley Director amusement park to town Terry's House the LIST | 10 Edward Smith – STAFF WRITER Bitwise Tech Consulting tops the Business Technology Services list Negotiations are underway for a Six Flags amusement park to come to Fresno This Week Online 6 County despite fervent Leads 8 denial from City of Vallejo People on the Move 16 officials. Public Notices 18-25 Sources confirm that Opinion 26 talks have begun with the amusement park Six Flags | Continued Page 3 PHOTO BY JEREMY THOMPSON ON WIKIPEDIA.COM | “The Joker” steel roller coaster opened in 2016 at Vallejo’s Six Flags Discovery Kingdom. HEALTH CARE Doctor, nurse shortage worsens as demand grows Breanna Hardy | Page 5 PHOTO BY BREANNA HARDY | Nursing students from Gurnick Academy in Fresno receive their clinical hours by administering the Covid-19 vaccine. SENSITIVE TIME PRIORITY HANDLING PERIODICAL: FRIDAY, MARCH 26, 2021 ISSUE #325835 $1.25 PER COPY USPS 145-100 FRIDAY, MARCH 26, 2021 www.thebusinessjournal.com 3 Six Flags | From 1 about the possibility of locating true, but said “I am pursuing every the tourist attraction to the area. avenue to bring Fresno forward as Six Flags Marketing Manager Marc an entertainment community.” Merino said it is not their policy to Fresno City Councilman Mike comment on rumors. Karbassi said an amusement park Six Flags Discovery Kingdom in would need a great deal of land.
    [Show full text]
  • Fresno Unified School District
    NEW ISSUE - FULL BOOK-ENTRY RATING: Moody’s: “Aa3” See “RATING” herein. In the opinion of Jones Hall, A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however to certain qualifications described herein, under existing law, the interest on the Bonds is excluded from gross income for federal income tax purposes and such interest is not an item of tax preference for purposes of the federal alternative minimum tax. In the further opinion of Bond Counsel, such interest is exempt from California personal income taxes. See "TAX MATTERS." $75,000,000 FRESNO UNIFIED SCHOOL DISTRICT (Fresno County, California) General Obligation Bonds Election of 2016, Series B Dated: Date of Delivery Due: As shown on inside front cover Authority and Purpose. The captioned General Obligation Bonds, Election of 2016, Series B (the “Bonds”) are being issued by the Fresno Unified School District (the “District”) pursuant to certain provisions of the California Government Code and a resolution of the Board of Education of the District adopted on June 12, 2019. The Bonds were authorized at an election of the registered voters of the District held on November 8, 2016, which authorized the issuance of $225,000,000 principal amount of general obligation bonds for the purpose of financing the renovation, construction and improvement of school facilities (the “2016 Bond Authorization”). The Bonds are the second series of bonds to be issued under the 2016 Bond Authorization. See “THE BONDS – Authority For Issuance” and “THE FINANCING PLAN” herein. Security. The Bonds are general obligations of the District, payable solely from ad valorem property taxes levied on taxable property within the District and collected by the County of Fresno (the “County”).
    [Show full text]
  • Resort-Style Living in the Heart of the Valley
    www.thebusinessjournal.com UPDATED DAILY DECEMBER 28, 2018 thebusinessjournal.com the FOCUS | 8 Resort-style living in the heart of the Valley 2018 YEAR IN REVIEW Year’s most expensive home a taste of Mediterranean luxury Year in Review David Castellon - STAFF WRITER the EXECUTIVE After building their dream PROFILE | 9 home and raising their two children, the owners of a more than 7,200-square-foot house in Clovis decided it was time to downsize earlier this year. That’s not a particularly unique situation, except the house — which includes an Olympic-sized swimming pool, tennis court and a pool house big enough for guests — was purchased for $2.35 million, A look back at 2018 making it the most expensive home sold this year in Fresno, the LIST | 10 Tulare, Madera or Kings coun- ties, according to the Multiple PHOTOS VIA MLS | The year’s most expensive home, a 7,200-square-foot Guarantee Real Estate tops the Listing Service used by bro- Mediterranean-style home near Armstrong and Shepherd avenues in Most Expensive Home Sales list kers. Clovis, sits on 3.6 acres. Its interior features high-end granite surfaces in a massive indoor kitchen, as well as an outdoor kitchen with a grill Rama Ambati, a broker and and refrigerator. This Week Online 6 senior sales associate for Guar- The Leads 14-15 antee Real Estate in Fresno, Public Notices 16-21 who represented the owners of Please see the Most Expensive Home Sales list on page 10 Opinion 22 Homes | 3 2018 YEAR IN REVIEW 2018 YEAR IN REVIEW DINING RETAIL So, you want Stores, to open a they are a restaurant? changin’ Edward Smith – STAFF WRITER Gabriel Dillard – MANAGING EDITOR Following a number of years of shrinking restaurant space, 2018 The past 365 days proved to be seemed to be the year of their re- PHOTO BY DAVID CASTELLON | Four-legged friendy Lazy Dog Restaurant & Bar opened in October, a continuance of a sweeping tran- causing a stir in the local dining scene and giving customers a chance to eat with their pets on the sition in the retail sector.
    [Show full text]
  • CAFR Comprehensive Annual Financial Report City of Fresno, California for the Fiscal Year Ended June 30, 2015
    2015 CAFR City of Fresno, California Comprehensive Annual Financial Report For the fiscal year ended June 30, 2015 2015 CAFR Comprehensive Annual Financial Report City of Fresno, California For the fiscal year ended June 30, 2015 Prepared by The City of Fresno Finance Department Michael Lima, Finance Director/City Controller Financial Reporting Staff Karen M. Bradley, CPA, Assistant Controller S. Kim Jackson, Administrative Manager Margaret Bell, CPA, Principal Accountant Roberta Cope, CPA, Principal Accountant Greg Wiles, CPA, Treasury Officer Phillip Hardcastle, Principal Accountant Anita Villarreal, Management Analyst II Gilbert Elizondo, Senior Accountant-Auditor Corrina Barbarite, Senior Accountant-Auditor Mary Boyajian, Accountant-Auditor II Karen Hillius, Accountant-Auditor II Jose Barboza, Accounting Technician Lilly A. Bañuelos, Executive Assistant Special Thanks to Renona Sawatzky, Accountant-Auditor II Janice Denman, Accountant-Auditor II CAFR, Single Audit and Capital Asset Leads in all City Departments throughout the City City of Fresno ● www.fresno.gov This page intentionally left blank. 2015 CAFR Comprehensive Annual Financial Report City of Fresno, California For the fiscal year ended June 30, 2015 INTRODUCTORY SECTION City of Fresno ● www.fresno.gov 2015 CAFR Comprehensive Annual Financial Report City of Fresno, California For the fiscal year ended June 30, 2015 TABLE OF CONTENTS PAGE INTRODUCTORY SECTION Controller’s Transmittal Letter .....................................................................................................................................
    [Show full text]
  • $56,300,000 City of Fresno 2010-2011 Tax and Revenue Anticipation Notes Interest Rate: 2.00% Priced to Yield: 0.70% Cusip No.: 358082Ke4†
    NEW ISSUE - BOOK ENTRY ONLY Ratings: Moody’s: MIG-1 S&P: SP-1+ In the opinion of Orrick, Herrington & Sutcliffe llp, Note Counsel to the City of Fresno, based upon an analysis of existing laws, regulations, rulings, and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Notes is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 and is exempt from State of California personal income taxes. The amount treated as interest on the Notes and excluded from gross income may depend upon the taxpayer’s election under Internal Revenue Notice 94-84. In the further opinion of Note Counsel, interest on the Notes is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, nor is it included in adjusted current earnings when calculating corporate alternative minimum taxable income. Note Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the accrual or receipt of interest on the Notes. See “Tax Matters” herein. $56,300,000 CITY OF FRESNO 2010-2011 TAX AND REVENUE ANTICIPATION NOTES INTEREST RATE: 2.00% PRICED TO YIELD: 0.70% CUSIP NO.: 358082KE4† Dated: Date of Delivery Due: June 30, 2011 The City of Fresno (the “City”) 2010-2011 Tax and Revenue Anticipation Notes (the “Notes”) are being issued to finance the seasonal cash flow requirements of the City during the fiscal year ending June 30, 2011. The Notes will be issued as fixed-rate notes in fully registered form.
    [Show full text]
  • Appendix H: Hazards
    City of Fresno – DNCP, FCSP, and DDC Draft Environmental Impact Report Appendix H: Hazards FirstCarbon Solutions K:\Publications\Client (PN‐JN)\3168\31680017\EIR\3 ‐ DEIR\31680017 Sec99‐00 Appendix Dividers.docx THIS PAGE INTENTIONALLY LEFT BLANK City of Fresno – DNCP, FCSP, and DDC Draft Environmental Impact Report H.1 ‐ Phase I Environmental Site Assessment (Phase I ESA) prepared for the DNCP FirstCarbon Solutions K:\Publications\Client (PN‐JN)\3168\31680017\EIR\3 ‐ DEIR\31680017 Sec99‐00 Appendix Dividers.docx THIS PAGE INTENTIONALLY LEFT BLANK PHASE I ENVIRONMENTAL SITE ASSESSMENT CITY OF FRESNO DOWNTOWN NEIGHBORHOODS COMMUNITY PLAN PROJECT AREA FRESNO, CALIFORNIA Pursuant to ASTM E 1527-05 Project No. 014-10022A October 7, 2011 Prepared for: Juan Gomez-Novy Moule & Polyzoides 180 East California Boulevard at Picher Alley Pasadena, California 91105 Prepared by: Krazan & Associates, Inc. 215 West Dakota Clovis, California 93612 (559) 348-2200 TABLE OF CONTENTS Project No. 014-10022A 1.0 EXECUTIVE SUMMARY.............................................................................................................. 1 2.0 PURPOSE, BACKGROUND AND SCOPE OF ASSESSMENT................................................ 4 2.1 Purpose ........................................................................................................................................... 4 2.2 Hazardous Materials Background ..................................................................................................5 2.3 Definition of Terms .......................................................................................................................
    [Show full text]