616 N Fulton St - Storefront Retail/Office FOR SALE


Fresno, CA 93728- Tower District
$499,000 USD
559-903-9639
616 N Fulton St, Fresno, CA for Sale
$499,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | 5.13% Cap Rate

616 N Fulton St
Fresno, CA 93728
Tower District


HIGHLIGHTS

  • 100% occupied investment opportunity!

OVERVIEW

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 $1,450/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 $619.75 - PG&E (this is the monthly average over the last year) $200 - Repairs/Maintenance $237.50 - Property Tax(net after reimbursement for cell tower reimbursement) Annual NOI - $25,577 5.21% 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. Call listing agent for showing appointment. Listing agent to be present

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

TWR

APN/PARCEL ID

452-275-04,452-275-14

ASK ABOUT THIS PROPERTY

Vasili SotiropulosHyatt Real EstateMore Info
559-903-9639

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Vasili SotiropulosHyatt Real EstateMore Info
559-903-9639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.