Fresno CA Multi Family for Sale
$1,199,000
1911 E Saginaw Way Fresno, CA 93726
- Type:
- Multi-Family
- Sq.Ft.:
- 5,038
- Status:
- Active
- Beds:
- 18
- Lot size:
- 0.22 Acres
- Year built:
- 1988
- Baths:
- 6.00
- MLS#:
- 617815
ADDITIONAL INFORMATION
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 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.
- Type:
- Mixed Use
- Sq.Ft.:
- 4,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1966
- Baths:
- MLS#:
- ML81971613
ADDITIONAL INFORMATION
3345 E. Fairmont is a 6 units apartment building consisting of 2/1 with a total of 12 Bed and 6 bathrooms. Each unit is approx. 700 SF. The current rent is $6,500 per month. Proforma $78,000 per year and annual expense of $33,000 with an NOI of $43,560.00. The cap rate is 4.5%. There are several leases expiring so there is room for rent increase. RUBS is also being implemented which will help increase the income for the investor/ 3 out of 6 units were fully renovated 2 years ago.
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS) as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fresno Real Estate
The median home value in Fresno, CA is $359,700. This is higher than the county median home value of $350,200. The national median home value is $338,100. The average price of homes sold in Fresno, CA is $359,700. Approximately 45.22% of Fresno homes are owned, compared to 49.79% rented, while 5% are vacant. Fresno real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fresno real estate agent to arrange a tour today!
Fresno, California 93726 has a population of 538,678. Fresno 93726 is less family-centric than the surrounding county with 29.77% of the households containing married families with children. The county average for households married with children is 32.95%.
The median household income in Fresno, California 93726 is $57,211. The median household income for the surrounding county is $61,276 compared to the national median of $69,021. The median age of people living in Fresno 93726 is 31.7 years.
Fresno Weather
The average high temperature in July is 97.7 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 12.6 inches per year, with 0 inches of snow per year.