2043 E. Saginaw Way
14 Units. Gated, on-site laundry, covered carports and renovated.
Marketing description
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.
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
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