1911 E Saginaw Way - Apartments FOR SALE


Fresno, CA 93726
$1,199,000 USD
831-206-2335
1911 E Saginaw Way, Fresno, CA for Sale
$1,199,000 USD
Apartments - FOR SALE
1/28
null | 6.56% Cap Rate

1911 E Saginaw Way
Fresno, CA 93726


HIGHLIGHTS

  • High Density Rental Community
  • Units have been updated.
  • Professional Managed Apartment Complex
  • Current Market Rent Rates

OVERVIEW

Desirable Investment Opportunity in North Fresno. This 6-unit apartment complex, located in the northern end of Fresno, near HWY 41, presents a prime investment opportunity. Each unit offers a spacious 3-bedroom, 1-bathroom layout with a living room and kitchen combo, complete with centralized HVAC heating and cooling systems. All 6 units are currently rented, with rent rolls near market rates, ensuring positive income from day one. The new roof was upgraded in 2022. The complex also features 10 parking spaces and plenty of on-street parking, which adds convenience for tenants. Additional income streams come from the on-site utility room's leased washer and dryer units. Surrounded by other rental properties and close to a nearby community park, the property is ideally situated for renters. The proximity to shopping centers adds to its appeal, making it a sought-after location. Professionally managed, this complex is well-maintained and ready to continue generating steady returns. Financials: Income and expenses are available upon request.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,518 SF

ZONING

R-4, Fresno

APN/PARCEL ID

436-183-13

ASK ABOUT THIS PROPERTY

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831-206-2335

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831-206-2335

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