1985 N Winery Ave Fresno, CA 93703

Villa Capri presents an investment opportunity through a modernization program. Current average rents are $1,318 per unit, below market rents of $1,501+. Strategic renovation of kitchens, bathrooms, and flooring may allow a new owner to reposition the asset and increase the Net Operating Income (NOI). The property is located at 1985 N Winery Ave, near California State University, Fresno, and Fresno City College. The Fresno multifamily market shows performance with asking rents in the Central Valley growing by 1.8% annually, with appreciation indicated through 2026. Villa Capri is positioned to benefit from the region’s undersupply of rental housing. Fresno serves as the economic heart of the Central Valley, adding 7,600 new jobs. The local economy is supported by healthcare, education, and a logistics sector anchored by Amazon, Target, and Walmart. The expansion of the Fresno Yosemite International Airport (FAT) solidifies the area as a hub for commerce and travel, driving household formation and rental demand. Villa Capri features a unit mix, with 92% of the property comprised of two-bedroom floor plans. The two-building, garden-style layout is on a 0.93-acre site. Offered at $4,400,000 ($157,143/unit), Villa Capri provides an entry point with a projected Pro Forma Cap Rate of 6.98% and a Cash-on-Cash return of 7.30%.