3345 E Fairmont Avenue
Fresno, CA 93726
4800 sqft | 0.20 acres | #ML81971613
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.
Property Details
- School DistrictFresno Unified
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$1,048,888
- MLS #ML81971613
- MLS #ML81971613
- Property SubtypeMixedUse
- Taxes Annual$12,000
- Acres0.2025
- Utility SourcePublic
- CountyFresno
- Cost948800
- Elementary SchoolOther
- Middle SchoolOther
- High SchoolOther
- Square Feet4800
- Year Built1966
- FoundationSlab
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Mendoza (#ML157135)
Listing Office: Broker's Network Inc (#ML36098)
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