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34089653
34089654

5 E Saginaw, Fresno, CA 93704

Universal Lending and Realty
Listed by Universal Lending and Realty
$850,000
5 days on market
Updated 4 days ago

Fig Garden Income Four‑Plex - $8,217 Monthly Rent

Details
APN 43422301
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,840
Net Rentable (SqFt) 3,840
Units 4
Cap Rate 9.61%
NOI $81,720
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 10.44%
Pro-Forma NOI $88,716
Price per SqFt $221
Class B
Year Built 1970
Year Renovated 2026
Buildings 1
Stories 2
Acreage 0.169
Zoning Public Rec
Parking Spaces 1 per unit
Investment Type Core+

High‑Rent 4‑Unit Investment - Near Whole Foods & Fig Garden

Marketing description

This fully upgraded FHA/VA-eligible four-plex offers exceptional income performance in one of Fresno's most convenient lifestyle corridors. Located just north of Dakota and west of Palm, the property sits moments from Fig Garden Village, giving residents effortless access to premier shopping, dining, Whole Foods, and everyday conveniences along Palm & Shaw. Each of the four townhome-style units features 3 bedrooms, 1.5 bathrooms, and approximately 960 sq ft, with meaningful upgrades completed. The property presents a clean, modern, and highly functional living environment that aligns perfectly with the area's strong rental demand. Current Rents: Unit 101 - $2,000 (VA) Unit 102 - $2,317 (Section 8) Unit 201 - $1,950 Unit 202 - $1,950 Total Monthly Income: $8,217.00 Tenant-Paid Utilities: Electricity, Water, Sewer. Owner Expenses: Insurance ($3,319/yr), Landscape ($840/yr), Trash ($1,500/yr), Pest ($600/yr), Property Tax (approx. 1.25% of purchase price). With no owner paid utilities, this property operates with an efficient expense structure and strong income. The upgrades enhance durability, functionality, and long-term appeal for renters. The location offers quick access to Fresno City College, major transportation routes, shopping, and employment centers. Individual Carport parking adds convenience for residents. This is a rare opportunity to acquire a high-income four-plex with updated interiors, excellent rent levels, and minimal operating burden. Showings are subject to tenant cooperation; offers may be submitted subject to inspection.

Investment highlights

Prime Fig Garden Location: Moments from Fig Garden Village, Whole Foods, Palm & Shaw retail, dining, and major transit routes.

High Monthly Income: $8,217/month across four upgraded 3‑bed, 1.5‑bath townhome‑style units.

No Owner‑Paid Utilities: Tenants pay electricity, water, and sewer, creating an efficient and predictable expense structure.

Upgraded Interiors: Meaningful improvements completed, clean, modern, and highly functional living environments. (960 SqFt Per Unit)

Strong Rent Demand: 3 Bed, 1.5 Bath townhome layouts near major employment, education, and lifestyle hubs.

FHA/VA Eligible: Ideal for owner‑occupants seeking leverage or investors expanding their portfolio.

Efficient Operating Expenses: Insurance $3,319/yr, Landscape $840/yr, Trash $1,500/yr, Pest $600/yr, plus property tax at approx. 1.25% of purchase price.

Convenient Resident Parking: Individual carport spaces add daily convenience and appeal.

Proximity to Key Destinations: Minutes to Fresno City College, major employers, shopping corridors, and transportation routes.

Turnkey Investment Opportunity: Updated interiors, strong rent levels, and minimal operating burden.

Flexible Showing Terms: Offers may be submitted subject to inspection; showings based on tenant cooperation.

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Listing Contacts

Universal Lending and Realty
Listed by Universal Lending and Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,720.00
$6,810.00/mo

Valuation Metrics

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DSCR
9.61%
Cap Rate
9.61%
ROI

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Zoning

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RM-1 ResidentialMulti FamilyResidential Multifamily Medium High Density
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Last updated Apr 30, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Gautam Atri - Riser Realty Group
License
02050505
Brokerage
Universal Realty Services, Inc.
Brokerage Address
1520 Shaw Avenue
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