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Kimberly Hogue

kim@hogue.associates +1(559) 817-8389

$ 4,400,000

Est. payment | -/mo

55 Beds

42 Baths

24,225 SqFt

Save

$ 4,400,000

Est. payment | -/mo

Save

55 Beds

42 Baths

24,225 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,225 sqft

Price per Sqft $181

MLS Listing ID 648834

Bedrooms 55

Full Baths 42

HOA Y/N No

Year Built 1971

Lot Size 0.925 Acres

Property Sub-Type Multi Family

Property Description

Prime Fresno LocationThe property is strategically located at 1985 N Winery Ave, placing it within the immediate sphere of Fresno's most vital educational and retailhubs. It is situated just minutes from California State University, Fresno (25,000+ students) and Fresno City College, providing a consistent poolof student and faculty renters.Strong Multifamily MarketThe Fresno multifamily market continues to show robust performance. Asking rents in the Central Valley grew by 1.8% annually, and forecastsindicate continued appreciation through 2026. With vacancy rates remaining exceptionally tightreaching as low as 2.5% in neighboringcountiesVilla Capri is well-positioned to benefit from the region's chronic undersupply of quality rental housing.Regional Employment and expansionFresno serves as the economic heart of the Central Valley, recently adding 7,600 new jobsthe largest net gain in the region. The localeconomy is supported by a diverse array of industries, including healthcare, education, and a massive logistics sector anchored by Amazon,Target, and Walmart. The recent $150 million expansion of the Fresno Yosemite International Airport (FAT) further solidifies the area as agrowing hub for commerce and travel, driving sustained household formation and rental demand.Villa Capri features a highly efficient unit mix, with 92% of the property comprised of spacious two-bedroom floor plans (split evenly between2BD/1BA and 2BD/2BA). This configuration is the most sought-after in the Fresno market, appealing to a wide range of renters from smallfamilies to roommates. The two-building, garden-style layout on a 0.93-acre site offers a manageable scale for investors, while the uniformfloor plans help minimize ongoing maintenance and turnover expenses.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Refrigerator: All Units, Dishwasher: None, Disposal: None, Stove: All units

Exterior

Fence Fenced

Utilities Available Public Utilities, Natural Gas Connected

Roof Type Composition

Building

Lot Description Urban

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Fresno Unified

Listed by Brendan Kane Real Estate

Nearby Locations

GET MORE INFORMATION

Kimberly Hogue

Broker-Associate | Lic# 01929542

kim@hogue.associates

+1(559) 817-8389

423 Pollasky Ave, Clovis, CA, 93612, USA

1985 N Winery AVE Fresno, CA 93703

Kimberly Hogue

Key Details

Location

Interior

Exterior

Building

Schools

1985 N Winery AVE