This exceptional 14-unit apartment complex, located at 2043 E Saginaw Way, Fresno, CA 93726, presents a compelling investment opportunity. The property, built in 1961 and extensively renovated in 2022, boasts a desirable Class B designation and offers a strong 5.72% cap rate with a Net Operating Income (NOI) of $160,054. The asking price is $2,800,000, translating to $200,000 per unit. The 11,900 square foot complex sits on a 0.9-acre lot (APN 436-183-21) and is zoned R-4. The two-story building comprises two structures, featuring thirteen two-bedroom, two-bathroom units and one three-bedroom, two-bathroom unit. All units are individually metered for utilities, enhancing operational efficiency. Tenant convenience is maximized with onsite laundry facilities and covered parking, including two garages. Additional income streams are generated from onsite storage rentals. Recent upgrades include a new roof, siding, paint, double-pane windows, updated interiors with new floors, appliances, fixtures, and hardware, granite countertops, copper plumbing in bathrooms, and new AC units and water heaters designed for a 10+ year lifespan. The property also includes a security gate and alarm system, enhancing resident safety. This turnkey property offers immediate cash flow and significant long-term potential. The fee simple ownership allows for complete control and flexibility. This is a 1031 exchange eligible property.
Highlights
Individually metered utilities.
Turnkey property with recent renovations.
Secure building with gated access and alarm system.
Gated community offering covered parking, including two garages per unit.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Natasha Davis
Visit Broker Website
Learn more
Useful Information
Request information
2043 Saginaw Way, Fresno, California, 93726
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
2043 Saginaw Way
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.