Summary: Income per month from rent =$9,350. Expenses per month = $1,250 for: SMUD and PG&E and Comcast and Atlas garbage & Carmichael Water & Sac County utilities, & $900 for real estate taxes and insurance; total expenses = $2,150 Net income = $7,200 Dewey Building is over 5,910 sq ft and is fully occupied with nice and good-paying tenants. Dewey Building last appraised for $830k in May 2019 which was prior to major improvements including new wood and tile flooring $25,000, new energy saving snowroof roofing $40,000, new tankless water heater ($5,000), new masonry front of building ($15,000), 5 new mini-split ACs installed ($15,000), 2 new central HVACs installed ($20,000) etc. Gross tenant/lessor is owner at $9,350 rent paid per month. See below for current monthly subtenants/subleases rents roll for 4778 & 4790 Dewey building(building has two sides)... Dewey Building 4790 Dewey: (all month-to-month subleases) Suite A: $600/month Suite B: $500/mo Suite C: $600/mo Suite D: $500/mo Suite E: Conference Room Suite F: $500/mo Suite G: $500/mo Suite H: $300/month Suite I: $600/mo Suite J: $700/mo Suite K: $400/month Suite L: $500/month 4778 Dewey: (all month to month subleases): Suite 1: $600/mo Ste 2-3: $800/mo Suite 4: $450/mo Suite 5: $800/mo Suite 7: $500/mo Totals: $5,700 (for 4790) & $3,650 (for 4778) income per month from rents, Total = $9350 INVESTMENT HIGHLIGHTS Positive cashflow property with many upgrades (cap rate 11.6% + plenty of vehicle and foot traffic near property withs everal schools across the street in well-established upper middle class neighborhood. PROPERTY FACTS Property Type: Light Commercial (LC) Zoned Permitted Primary Uses of LC Zoned properties include (as per Sacramento County Zoning Code): Dwelling, Multiple Family 10 or fewer units Dwelling, Multiple Family 10 or more units Dwelling, Single Family 10 or fewer lots Dwelling, Single Family 10 or more lots Residential Care Home, 6 or fewer in care Residential Care Home, 7 to 20 in care Places of Worship or other Religious Uses Private Social Center, Social Club School Art Gallery or Studio Government Buildings and Uses Ambulance Service Adult Day Care Center Child Day Care Center Congregate Care Facility Major or Minor Utility Wireless Communication Facility Animal and Pet Services, grooming, boarding, veterinarian,hospital General Business Services General Personal Services Beauty or Barber Shops Laundromat General Repair Services Catering Services Restaurants Sale of Alcoholic Beverages General Recreation Facility Event Centers General Financial Institutions Office Uses Medical, Dental or Optical Uses General Retail Sales Convenience Store, Food Markets Liquor Stores Nursery Auto Brokers Auto Repair, Garage Building Size 5,910 SF Tenancy: Gross Lessor/Tenant is owner-user Multiple SubTenants, 100% rented out, 100% occupied Building Height 1 Story Typical Floor Size 5,910 SF Building FAR 0.23 Land Acres 0.56 AC Parking 35 Spaces, plus street parking AMENITIES 24 Hour Access Controlled Access Conferencing Facility Signage 2 Kitchens Restrooms On-demand water heater Central Heating & Air Conditioning Also Several Suites w/ Individualized Heating & Air Conditioning (mini-splits) Partitioned Suites Reception Areas Flooring: Laminate, Tile, Carpet Indoor and Outdoor Storage Spaces Address: 4778-4790 Dewey Dr, Fair Oaks, CA, near corner of Winding and Dewey SPACE IS LIGHT COMMERCIAL ZONED / PERMITTED FOR MANY DIFFERENT USES SUCH AS RESTAURANT, RETAIL,BUSINESS SERVICES, OFFICES, PERSONAL SERVICES,INTERNET CAFE, LIQUOR OR COFFEE SHOP, CHILD CARE CENTER, CONVENIENCE STORE, SENIOR CAREHOME, ETC. FOR SALE for $830k, potential for owner financing.