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 - 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 - $28,2396.64% 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.
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2BEDS
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0.3ACRES
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3BATHS
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01/2 BATHS
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3,220SQFT
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$132$/SQFT
School Ratings & Info
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 - 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 - $28,2396.64% 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.
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