2041-2069 E Saginaw Way - Apartments FOR SALE


Fresno, CA 93726- McLane
$2,350,000 USD
760-987-5332
2041-2069 E Saginaw Way, Fresno, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

2041-2069 E Saginaw Way
Fresno, CA 93726
McLane


HIGHLIGHTS

  • Updated interiors throughout - vinyl flooring, central AC, refreshed kitchens and baths
  • On-site laundry facility in place for immediate ancillary income
  • Proforma 7.56% CAP rate with $46,000+ in identifiable rent upside
  • Gated community with assigned carport parking for every tenant

OVERVIEW

2043 E Saginaw Way is a 14-unit apartment community located in Fresno’s McLane neighborhood. The property sits on a 17,424 square foot lot and delivers 11,960 square feet of rentable improvements across a mix of thirteen 2-bedroom/1-bath units and one 3-bedroom/1-bath units. The property features recently updated interiors throughout, including vinyl flooring, central AC, updated kitchens and bathrooms, and gas appliances. Every tenant has an assigned carport parking space, and the community is secured by gated entry. An on-site laundry facility is in place and represents an immediate ancillary income opportunity for the new owner. Combined with a tenant-favorable utility structure, tenants are responsible for their own PG&E, while the landlord covers water, sewer, and trash. The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

14

PRICE/UNIT

$167,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2043 E. Saginaw Way

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

R-4, Fresno

APN/PARCEL ID

436-183-21

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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