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2043 E. Saginaw Way 2041-2069 E Saginaw Way 14 Unit Apartment Building $3,253,645 CAD ($232,403 CAD/Unit) Fresno, CA 93726
Investment Highlights
- Updated interiors throughout - vinyl flooring, central AC, refreshed kitchens and baths
- Proforma 7.56% CAP rate with $46,000+ in identifiable rent upside
- On-site laundry facility in place for immediate ancillary income
- Gated community with assigned carport parking for every tenant
Executive Summary
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.
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.
Property Facts
| Price | $3,253,645 CAD | Building Class | C |
| Price Per Unit | $232,403 CAD | Lot Size | 0.90 AC |
| Sale Type | Investment | Building Size | 19,660 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4, Fresno - Residential | ||
| Price | $3,253,645 CAD |
| Price Per Unit | $232,403 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 19,660 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Fresno - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 850 |
| 3+1 | 1 | - | 950 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 436-183-21 | Improvements Assessment | $1,381,320 CAD |
| Land Assessment | $131,183 CAD | Total Assessment | $1,512,502 CAD |
Property Taxes
Parcel Number
436-183-21
Land Assessment
$131,183 CAD
Improvements Assessment
$1,381,320 CAD
Total Assessment
$1,512,502 CAD
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2043 E. Saginaw Way | 2041-2069 E Saginaw Way
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