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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
***CALL FOR OFFERS - MAY 19***
UNIT MIX
The property offers exclusively spacious two-bedroom, two-bathroom floor plans — 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 against a market average of $1,534 — a $233-per-unit gap that represents meaningful upside for an owner willing to execute on renovations.
PROPERTY FEATURES
Amenities include washer/dryer hookups, central heat and air, a sparkling swimming pool, and updated plumbing and lighting fixtures. Parking is covered via carport, with an additional two-car garage.
STRATEGIC LOCATION
Situated in the desirable Bullard submarket, the property offers easy access to premier retail destinations — River Park Shopping Center, Fig Garden Village, and Fashion Fair Mall — as well as major educational institutions including Fresno State and Fresno City College.
FRESNO MARKET
Fresno continues to emerge as a regional hub for education, healthcare, and commerce. A standout catalyst is the $150 million FATforward expansion at Fresno Yosemite International Airport, expected to drive sustained economic activity and passenger growth throughout the Central Valley.
UNIT MIX
The property offers exclusively spacious two-bedroom, two-bathroom floor plans — 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 against a market average of $1,534 — a $233-per-unit gap that represents meaningful upside for an owner willing to execute on renovations.
PROPERTY FEATURES
Amenities include washer/dryer hookups, central heat and air, a sparkling swimming pool, and updated plumbing and lighting fixtures. Parking is covered via carport, with an additional two-car garage.
STRATEGIC LOCATION
Situated in the desirable Bullard submarket, the property offers easy access to premier retail destinations — River Park Shopping Center, Fig Garden Village, and Fashion Fair Mall — as well as major educational institutions including Fresno State and Fresno City College.
FRESNO MARKET
Fresno continues to emerge as a regional hub for education, healthcare, and commerce. A standout catalyst is the $150 million FATforward expansion at Fresno Yosemite International Airport, expected to drive sustained economic activity and passenger growth throughout 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
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1550 W Swift Ave
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