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Michael Herbert

michael7herbert@gmail.com +1(559) 790-6254

$ 1,149,000

Est. payment -/mo

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1911 E Saginaw Way Fresno, CA 93726

18 Beds

6 Baths

5,038 SqFt

UPDATED:

09/04/2024 09:27 PM

Key Details

Property Type Multi-Family

Sub Type 5 to 15 Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,038 sqft

Price per Sqft $228

MLS Listing ID 617815

Bedrooms 18

Year Built 1988

Lot Size 9,517 Sqft

Property Description

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.

Location

State CA

County Fresno

Area 726

Interior

Heating Central Heat/Cool

Cooling Central Heat/Cool

Flooring Concrete Perimeter

Fireplaces Type None

Exterior

Exterior Feature Stucco, Wood

Garage Carport, Covered, Uncovered, One Space per Unit, More than One Space

Garage Spaces 10.0

Utilities Available Washer/Dryer (s)

Roof Type Composition

Parking Type Carport, Covered, Uncovered, One Space per Unit, More than One Space

Building

Story Two

Sewer Public Water, Public Sewer

Water Public Water, Public Sewer

Schools

Elementary Schools Pyle

Middle Schools Tioga

High Schools Hoover

School District Fresno Unified

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed by Eduardo Guajardo • eXp Realty of California, Inc.

Michael Herbert

Broker | DRE#01882579

+1(559) 790-6254

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Michael Herbert

Michael Herbert

1911 E Saginaw Way Fresno, CA 93726

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1911 E Saginaw Way