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1911 E Saginaw Way 1017 Unit Apartment Building $1,673,708 CAD ($1,646 CAD/Unit) 6.56% Cap Rate Fresno, CA 93726
INVESTMENT HIGHLIGHTS
- High Density Rental Community
- Professional Managed Apartment Complex
- Units have been updated.
- Current Market Rent Rates
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,673,708 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,646 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.56% | Building Size | 5,040 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.9 | No. Stories | 2 |
| No. Units | 1017 | Year Built | 1988 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-4, Fresno - This property is located in an R4 zoning district, allowing for medium- to high-density residential development. | ||
| Price | $1,673,708 CAD |
| Price Per Unit | $1,646 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.9 |
| No. Units | 1017 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Fresno - This property is located in an R4 zoning district, allowing for medium- to high-density residential development. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 103 | $2,046 CAD | 1,100 |
| 3+1 | 104 | $2,231 CAD | 1,100 |
| 3+1 | 201 | $2,300 CAD | 1,100 |
| 3+1 | 202 | $2,185 CAD | 1,100 |
| 3+1 | 203 | $2,324 CAD | 1,100 |
| 3+1 | 204 | $2,087 CAD | 1,100 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 436-183-13 | Total Assessment | $1,259,155 CAD |
| Land Assessment | $71,104 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,188,051 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
436-183-13
Land Assessment
$71,104 CAD
Improvements Assessment
$1,188,051 CAD
Total Assessment
$1,259,155 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1911 E Saginaw Way
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