3345 E Fairmont Avenue

Fresno, CA 93726

PRICE REDUCED

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-$60,000 (-5.72%)

$988,888

List Price

N/A

bed Beds

shower Baths

4,800 sqft

straighten / sqft

1966

calendar_month Built

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.

Listing Information

List Price $988,888
Status Active
MLS ML81971613
Type Residential Income
Subtype Mixed Use
Year Built 1966
Lot Size 8,820
Structure Size 4,800
DOM 85
Courtesy Of Broker's Network Inc
Listing Agent Michael Mendoza DRE#00917457

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Michael Mendoza, Broker's Network Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 25th, 2024 at 11:58 PM 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.