$ 948,800
3345 E Fairmont AVE Fresno, CA 93726
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 948,800
Est. payment /mo
Price Dropped by $40K
3345 E Fairmont AVE Fresno, CA 93726
4,800 SqFt
UPDATED:
11/02/2024 04:43 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $197
MLS Listing ID ML81971613
HOA Y/N No
Year Built 1966
Annual Tax Amount $12,000
Lot Size 8,820 Sqft
Property Description
3345 E. Fairmont is a 6 units apartment building consisting of 2/1 with a total of 12 Bed and 6 bathrooms. Each unit is approx. 700 SF. The current rent is $6,500 per month. Proforma $78,000 per year and annual expense of $33,000 with an NOI of $43,560.00. The cap rate is 4.5%. There are several leases expiring so there is room for rent increase. RUBS is also being implemented which will help increase the income for the investor/ 3 out of 6 units were fully renovated 2 years ago.
Location
State CA
County Fresno
Zoning Multi-family
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Carport
Carport Spaces 6
View Y/N No
Roof Type Tar/Gravel
Accessibility Other
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Fresno Unified
Others
Tax ID 42707224
Special Listing Condition Standard
Listed by Michael Mendoza • Broker's Network Inc