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$ 425,000
Est. payment /mo
New
616 N Fulton ST Fresno, CA 93728
1 Bed
3 Baths
3,220 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $131
MLS Listing ID 642032
Bedrooms 1
Full Baths 3
HOA Y/N No
Year Built 1980
Lot Size 0.300 Acres
Property Sub-Type Commercial
Property 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 $1,200/mo - Office occupied by non-profit
618 N Fulton St - Gross Rent $1,200/mo - 2 Bedroom 1 Bathroom Apartment
620 N Fulton St - Gross Rent $1,000/mo - Office occupied by non-profit
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 - $28,239
6.64% 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.
616 N Fulton St - Gross Rent $1,200/mo - Office occupied by non-profit
618 N Fulton St - Gross Rent $1,200/mo - 2 Bedroom 1 Bathroom Apartment
620 N Fulton St - Gross Rent $1,000/mo - Office occupied by non-profit
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 - $28,239
6.64% 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.
Location
State CA
County Fresno
Zoning TWR
Interior
Cooling Central Heat/Cool
Exterior
Parking Features 6 - 10 Spaces
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Listed by Vasili Sotiropulos Hyatt Real Estate
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