3345 E Fairmont Avenue
Fresno, CA 93726
$100,088.00 (-9.54%)
Active for $948,800
Beds: N/A Baths: Structure Size: 4,800 sqft Lot Size: 8,820 sqft
| MLS | ML81971613 |
| Year Built | 1966 |
| Property Type | Mixed Use |
| County | Fresno |
| Status | Active |
| Active | $948,800 |
| Structure Size | 4,800 sqft |
| Lot Size | 8,820 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Michael Mendoza, Broker's Network Inc 408-639-8285. *Based on information from the Association of REALTORS/Multiple Listing as of 11/15/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Henrik Alaverdyan and Associate
REALTOR®
Direct: 818.731.4649
Email: Email Me
DRE: 01874911
DRE #01873088
.png){kind=small}