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321 W Minarets Ave - 321 W Minarets Ave 2 Unit Apartment Building Offered at $395,000 at a 5.84% Cap Rate Fresno, CA 93650
EXECUTIVE SUMMARY
New Duplex Investment Opportunity in Fresno County
We’re excited to present a well-located duplex at 321 W Minarets Ave in Pinedale, a desirable neighborhood within the City of Fresno. Priced at $395,000, this value-add opportunity features two spacious 2-bedroom, 1-bathroom units, one of which has been recently renovated. Both units will be delivered vacant, allowing investors to immediately set market rents or an owner-user to occupy one side.
Pinedale is a growing submarket in Fresno County, known for its strong rental demand, proximity to shopping and dining at River Park, and access to the highly rated Clovis Unified School District. Residents enjoy a great quality of life with nearby parks, restaurants like Dog House Grill and Pismo’s Coastal Grill, and easy access to CSU Fresno and major freeways.
With excellent fundamentals and both units vacant, 321 W Minarets Ave is an ideal opportunity for those looking to invest in one of Central California’s most promising markets.
We’re excited to present a well-located duplex at 321 W Minarets Ave in Pinedale, a desirable neighborhood within the City of Fresno. Priced at $395,000, this value-add opportunity features two spacious 2-bedroom, 1-bathroom units, one of which has been recently renovated. Both units will be delivered vacant, allowing investors to immediately set market rents or an owner-user to occupy one side.
Pinedale is a growing submarket in Fresno County, known for its strong rental demand, proximity to shopping and dining at River Park, and access to the highly rated Clovis Unified School District. Residents enjoy a great quality of life with nearby parks, restaurants like Dog House Grill and Pismo’s Coastal Grill, and easy access to CSU Fresno and major freeways.
With excellent fundamentals and both units vacant, 321 W Minarets Ave is an ideal opportunity for those looking to invest in one of Central California’s most promising markets.
PROPERTY FACTS
| Price | $395,000 | No. Units | 2 |
| Price Per Unit | $197,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,561 SF |
| Cap Rate | 5.84% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1949 |
| Gross Rent Multiplier | 10.29 |
| Price | $395,000 |
| Price Per Unit | $197,500 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.29 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,561 SF |
| No. Stories | 1 |
| Year Built | 1949 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,600 | - |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 303-073-26 | Improvements Assessment | $70,716 |
| Land Assessment | $28,530 | Total Assessment | $99,246 |
PROPERTY TAXES
Parcel Number
303-073-26
Land Assessment
$28,530
Improvements Assessment
$70,716
Total Assessment
$99,246
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321 W Minarets Ave - 321 W Minarets Ave
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