2017 N Winery Ave Fresno, CA 93727
26-unit multifamily property with renovation upside in a strategic Fresno location.
Lot size:
1.04 AcresProperty Features for 2017 N Winery Ave
General Information
- Standard status
- Active
- Zoning
- R3
- Lot size
- 1.04 Acres
Building Details
- Year built
- 1971
Source:
Crexi
Listing Agency: Northmarq Listing Agent: Brendan Kane
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chalet Gardens: Multifamily Investment Opportunity
Chalet Gardens offers an opportunity for revenue growth through interior renovations. Current average rents are $1,486 per unit, with pro forma market rents of $1,510 or higher. Renovating kitchens, bathrooms, and flooring could bridge this gap and increase rental income. The property is located near California State University, Fresno, and Fresno City College. The recent $150 million expansion of the Fresno Yosemite International Airport enhances connectivity and supports long-term property value appreciation. The Fresno multifamily market demonstrates resilience, with asking rents in the Central Valley projected to continue rising through 2026. Vacancy rates remain tight, dipping as low as 2.5% in neighboring submarkets. Fresno is the primary engine of economic growth in the Central Valley, recording the largest net employment gain in the region with over 7,600 new positions added annually. The local economy is supported by healthcare, education, and a rapidly expanding logistics sector featuring major employers like Amazon, Target, and Walmart. The property features a unit mix consisting of 92% two-bedroom, one-bath floor plans. The 1.04-acre site provides a low-density, garden-style environment.
Location Intelligence
Current Use by Public Records
Chalet Gardens
Apartment Building
Moordigian Jr Harry ...
Dental Office
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.732341
- Latitude
- 36.768842
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FAQs
What type of property is this?
Apartment building - 26-unit multifamily property with renovation upside in a strategic Fresno location.
Where is this apartment building located?
The property is located at 2017 N Winery Ave Fresno, CA.
What are key features of this property?
This property features: - Opportunity for immediate revenue growth through interior renovations to achieve pro forma market rents.; - Strategic location near California State University, Fresno and Fresno City College.; - Robust multifamily market growth and resilience with projected rent increases through 2026 and low vacancy rates.
