616 N Fulton St, Fresno, CA 93728
Property Highlights
Commercial Sale
Property Type
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.
Listed by Vasilios Sotiropulos • DRE #02028589 • Hyatt Real Estate
Contact:
[email protected]
MLS #: 642032
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Source:
FRESNO
Building & Construction
Construction Materials
Stucco, Wood Siding
Interior & Comfort
Cooling
Central Heat/Cool