Listed by Northmarq
$2,595,000
Swift Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,396
Units 18
Cap Rate 5.34%
NOI $138,639
Pro-Forma Cap Rate 5.48%
Pro-Forma NOI $142,201
Price per SqFt $141
Year Built 1977
Buildings 3
Acreage 0.830
Zoning R3
Investment Type Value Add
Multifamily | 18 Units | $144,167/unit
Investment highlights
- Unit Mix: The property consists entirely of spacious two-bedroom, two-bathroom floor plans, with 16 units at approximately 1,000 SF and 2 units at approximately 1,200 SF.
- Value-add Potential: Current in-place rents average $1,301, while market comparables suggest an average market rent of $1,534, representing a clear opportunity for revenue growth.
- Property Featurxes: Amenities include washer/dryer hookups, central heat and air, a “sparkling” swimming pool, updated plumbing and lighting fixtures and covered carport parking plus a two car garage.
- Strategic Location: Situated in the Bullard submarket with easy access to major retail hubs like River Park Shopping Center, Fig Garden Village, and Fashion Fair Mall. It is also near major educational institutions including Fresno State and Fresno City College.
- Fresno Market: Fresno is highlighted as a growing regional hub for education, healthcare, and commerce. The summary notes significant local developments, such as the $150 million “FATforward” expansion at Fresno Yosemite International Airport, which is expected to drive further economic activity and passenger growth in the Central Valley
Listing Contacts
Listed by Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,639.00
$11,553.25/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
Map
Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Medium High Density
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View all 50 uses Last updated Apr 30, 2026 For deeper zoning details, reports are available at Zoneomics
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