19 E Saginaw Way
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19 E Saginaw Way
4 Unit Apartment Building $688,000 ($172,000/Unit) 7.70% Cap Rate Fresno, CA 93704
Investment Highlights
- Situated in a convenient location in Fresno, this fourplex combines modern updates with excellent rental potential
- Landlord currently pays for landscaping and garbage.
- Units are individually metered for P.G.&E and water/sewer
Executive Summary
Fully occupied turnkey FOURPLEX! Each unit is 3 bedrooms and 1.5 bathrooms, has washer & dryer hookups inside the units, outside storage closets, and covered carport spaces. Current scheduled gross rents total $6,100/month. Each unit is also separately metered for PG&E as well as WATER/SEWER!! Landlord is responsible for trash and landscaping. At asking, property performs at a 9.4 GRM and approximately 7% cap rate. Please DO NOT walk the grounds or disturb tenants, write offers subject to interior inspections.
Property Facts
| Price | $688,000 | Apartment Style | Low Rise |
| Price Per Unit | $172,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.70% | Building Size | 3,840 SF |
| Gross Rent Multiplier | 9.4 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Apartment |
| Price | $688,000 |
| Price Per Unit | $172,000 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,840 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.04/1,000 SF |
PROPERTY TAXES
| Parcel Number | 434-223-02 | Improvements Assessment | $357,399 |
| Land Assessment | $42,046 | Total Assessment | $399,445 |
PROPERTY TAXES
Parcel Number
434-223-02
Land Assessment
$42,046
Improvements Assessment
$357,399
Total Assessment
$399,445
zoning
| Zoning Code | RM-1 (Multifamily 4 units) |
| RM-1 (Multifamily 4 units) |
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19 E Saginaw Way
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