Low Price Per Unit in the Area

Fulton Apartments is currently being offered at $74,359 per unit, making it one of the more affordable properties listed in the Fresno Market

Rental Upside Potential

The residential portion is almost 96% occupied and currently operating at an 11.9% loss-to-lease and 2 units vacant, the property status allows a new investor the potential for immediate rental upside by leasing up vacant units and implementing annual rent increases. There is additional upside by leasing up the 8 vacant retail spaces

Ad Valorem Exemption Upside

The property is encumbered with a 55-year Redevelopment Agency Affordability Agreement that expires in 2064. The current owner opted not to engage a nonprofit and pay the property taxes. The new owner can engage a nonprofit and exempt the Ad Valorem taxes, bringing the rents to market AMI levels

Located in a Qualified Opportunity Zone

Fulton Apartments is in an Opportunity Zone, that provides investors with beneficial tax treatment for making investments made within the zone

Excellent Freeway Access

Fulton Apartments provides easy access to the 180 & 99 Freeway, providing residents with easy commutes to Downtown Fresno and the greater Central Valley region