Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

926 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Kings View Manor (Senior LIHTC) 949 E Annadale Ave

106 Unit Apartment Building $12,873,849 CAD ($121,451 CAD/Unit) 5.76% Cap Rate Fresno, CA 93706

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Attractive, Long-term Price-per-Unit of $84,000 in Fresno, CA... 25 Years Left on CTCAC LURA.
46 HCV Section 8 Tenants Currently (44% of Complex / 38% of Rent is subsidized) - Rent Security Through Subsidization (NOT PBS8)

Strong Unit Mix with 51 Two-Bedrooms Units and 55 One-Bedroom Units.

EXECUTIVE SUMMARY

Ideally situated to offer residents a convenient and vibrant lifestyle. As a senior community for ages 55 and older, it provides easy access to a variety of essential and recreational amenities. The property is just a short drive from the Annadale Shopping Center and Fresno Fashion Fair Mall, where residents can enjoy a wide range of retail stores, dining options, and entertainment venues.

Financials & Rent Rolls
Regulatory Agreement

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss (CAD)
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Price	$12,873,849 CAD	Building Class	C
Price Per Unit	$121,451 CAD	Lot Size	18.04 AC
Sale Type	Investment	Building Size	189,430 SF
Cap Rate	5.76%	Average Occupancy	95%
No. Units	106	No. Stories	2
Property Type	Multifamily	Year Built	1991
Property Subtype	Apartment	Parking Ratio	0.52/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$12,873,849 CAD
Price Per Unit	$121,451 CAD
Sale Type	Investment
Cap Rate	5.76%
No. Units	106
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	18.04 AC
Building Size	189,430 SF
Average Occupancy	95%
No. Stories	2
Year Built	1991
Parking Ratio	0.52/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.