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$988,888

Est. payment - /mo

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4,800 SqFt

Active

3345 E Fairmont AVE Fresno, CA 93726

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/02/2024 07:12 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 $206

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

Parking Type Carport

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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