Log In/Sign Up
Your email has been sent.
1550 W Swift Ave 18 Unit Apartment Building $2,595,000 ($144,167/Unit) 5.48% Cap Rate Fresno, CA 93705
Investment Highlights
- PRIDE OF OWNERSHIP
- NEXT TO GREEN SPACE
- QUIET NEIGHBORHOOD
- ALL TWO BEDROOM UNITS WITH WD HOOKUPS
Executive Summary
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.
PRIDE OF OWNERSHIP
Long term ownership, stable occupancy and top flight maintenance.
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 FEATURES
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.
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.
PRIDE OF OWNERSHIP
Long term ownership, stable occupancy and top flight maintenance.
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 FEATURES
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.
Property Facts
| Price | $2,595,000 | Building Class | C |
| Price Per Unit | $144,167 | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 19,800 SF |
| Cap Rate | 5.48% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $2,595,000 |
| Price Per Unit | $144,167 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 19,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | $1,370 | 1,000 - 1,200 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 424-150-35 | Improvements Assessment | $1,257,651 |
| Land Assessment | $269,343 | Total Assessment | $1,526,994 |
Property Taxes
Parcel Number
424-150-35
Land Assessment
$269,343
Improvements Assessment
$1,257,651
Total Assessment
$1,526,994
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1550 W Swift Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.