$948,800
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3345 E Fairmont Avenue Fresno, CA 93726
Mixed Use
Residence
Beds
Baths
4,800
Sq. Ft.
0.2
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 le...ases 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.
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MLS#
ML81971613
Property Type
Mixed Use
Status
Year Built
1966
Square Feet
4,800
sq. ft
Lot Size
0.2
Sewer
Public Sewer
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