1550 W Swift Ave - Apartments FOR SALE


Fresno, CA 93705- Bullard
$2,595,000 USD
559-288-8803
1550 W Swift Ave, Fresno, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/11
null | 5.48% Cap Rate

1550 W Swift Ave
Fresno, CA 93705
Bullard


HIGHLIGHTS

  • PRIDE OF OWNERSHIP
  • QUIET NEIGHBORHOOD
  • NEXT TO GREEN SPACE
  • ALL TWO BEDROOM UNITS WITH WD HOOKUPS

OVERVIEW

UNIT MIX The property consists entirely of spacious two-bedroom, two-bathroom floor plans, with 16 units at approximately 1,000 SF and 2 units at approximately 1,200 SF. PRIDE OF OWNERSHIP Long term ownership, stable occupancy and top flight maintenance. VALUE-ADD POTENTIAL Current in-place rents average $1,301, while market comparables suggest an average market rent of $1,534, representing a clear opportunity for revenue growth. PROPERTY FEATURES Amenities include washer/dryer hookups, central heat and air, a "sparkling" swimming pool, updated plumbing and lighting fixtures and covered carport parking plus a two car garage. STRATEGIC LOCATION Situated in the Bullard submarket with easy access to major retail hubs like River Park Shopping Center, Fig Garden Village, and Fashion Fair Mall. It is also near major educational institutions including Fresno State and Fresno City College. FRESNO MARKET Fresno is highlighted as a growing regional hub for education, healthcare, and commerce. The summary notes significant local developments, such as the $150 million "FATforward" expansion at Fresno Yosemite International Airport, which is expected to drive further economic activity and passenger growth in the Central Valley.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

18

PRICE/UNIT

$144,167

CAP RATE

5.48%

% 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

1977

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,120 SF

ZONING

R-3

APN/PARCEL ID

424-150-35

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.