3345 E Fairmont Avenue

Fresno, CA 93726
$948,800
4800 sqft | 0.20 acres | #ML81971613
Courtesy of Broker's Network Inc

Description

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 leases 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.

  • Property Details
      • Stories:2
      • Acres:0.2025
      • Square Feet:4800
      • Property type:Multi-Family
      • Year built:1966
      • Foundation:Slab
      • Sewer information:PublicSewer
      • Utility source:Public
      • School district:Fresno Unified
      • Elementary School:Other
      • Middle School:Other
      • High School:Other
      • County:Fresno
      • Original List Price:$1, 048, 888
      • Taxes annual:$12, 000
      • MLS #:ML81971613
      • Cost:948800
      • Property subtype:MixedUse
      • MLS #:ML81971613

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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