$425,000

616 N Fulton St, Fresno, CA 93728

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2 bd · 3.0 ba · 3,220 sqft · $132/sqft · 0.30 acres

Commercial Sale · Commercial · Built 1980 · 244 days on Properkey

Description

Incredible investment opportunity in Fresno's Tower District. This property is 100% occupied with gross monthly rents totaling $3,650. There are two offices downstairs and a 2 bedroom, 1 bathroom apartment upstairs. Ample parking lot includes 6-10 stalls. 616 N Fulton St - Gross Rent $1,000/mo - Office occupied by non-profit618 N Fulton St - Gross Rent $1,200/mo - 2 Bedroom 1 Bathroom Apartment620 N Fulton St - Gross Rent $1,000/mo - Space occupied by Culinary Owner's current monthly expenses include:$78 - Trash/water/sewer$383.33 - Insurance$147.91 - PG&E (LL responsible for 25%. this is the average based on last year's PG&E)$200 - Repairs/Maintenance$237.50 - Property Tax(net after reimbursement for cell tower reimbursement) Annual NOI - $28,2396.64% CAP Rate Cell tower on property does not provide income. Seller currently pays property tax for cell tower and is reimbursed by that company for property tax portion of cell tower.

Agent & source

Listed by
Vasilios Sotiropulos
Brokerage
Hyatt Real Estate
DRE
#02028589
MLS # 642032 Source FRESNO

Property details

Rooms & Layout

Levels
Two
Bedrooms
2
Bathrooms
3.0 (3 full)

Property Features

Possible Use
Office, See Remarks
Road
City Street

Building & Construction

Construction Materials
Stucco, Wood Siding
Roof
Flat

Exterior & Parking

Parking
6 - 10 Spaces

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool

Utilities

Water Source
Public
Sewer
Public Sewer
Electric
Master Meter

Nearby

Active Pending Closed Rental

School information not available for this property.

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