Description
New Construction, Plans approved through the city of Fresno. 4 Units, Each unit has 3 Bedrooms and 2 Bathrooms with washer/dryer hookups and solar.. Each unit to be over 1000 square feet of living space and to be equipped with appliances. Floor units are constructed with a concrete 3D printer. They will be ecologically friendly with much less maintenance. They will also be more resistant to water damage, fire damage and termite damage. Additionally these building are much more resistant to earthquake damage the traditional build. Each unit should rent for a minimum of $1700. Calculating 10% for operating expenses this renders a 6% CAP rate at the current price. Price is discounted for sale before construction. If property is not sold before construction is started price will be $1.5mil rendering a 5% CAP rate. By purchasing early you receive a much better buy.
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Listing Information provided courtesy of the Fresno MLS/Association of Realtors. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 30th May, 2023 6:43 AM (UTC)
Listing Agent: Jason Gobeli
Listing Office: Solid Real Estate Solutions
