Hampton Way Apartments 3789 E Hampton Way 18 Unit Apartment Building $3,695,000 ($205,278/Unit) 5.47% Cap Rate Fresno, CA 93726

**PRICE CHANGE** Boutique Single-Story Community: Seven single-story buildings across 1.50 acres, offering a quiet, neighborhood feel with covered parking and well-kept landscaping.
Desirable Unit Mix: 18 units comprised of 2x 1-bed/1-bath (750 SF), 13x 2-bed/2-bath (850 SF), 1x 2-bed/2-bath office unit (950 SF), and 2x 3-bed/2-bath (1,100 SF); average unit size ~872 SF.
Renovation Upside: Sample upgraded interiors demonstrate modern finishes; value-add potential via continued interior renovations and rent alignment to comps.
In-Place Performance with Growth Potential:Current average rent $1,564 ($1.79/SF) vs. market average $1,626 ($1.86/SF); comps indicate further achievable rent lift.
Central Fresno Location: McLane submarket near major retail (Fashion Fair, Fig Garden Village, River Park), employment, and education centers including Fresno State and Fresno City College.
Stable Fresno Fundamentals: Region showing steady employment gains and modest rent growth; Central Valley rents forecasted to continue rising.
Convenient Access & Amenities: Close to shopping corridors, parks, and key arterials; on-site covered parking and gated walkways enhance tenant appeal.
Efficient Footprint for Management: Single-story layouts simplify turns and maintenance, supporting operational efficiency for a small asset.