About 3345 E Fairmont Ave
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.
Features of 3345 E Fairmont Ave
| MLS® # | ML81971613 |
|---|---|
| Price | $988,888 |
| Square Footage | 4,800 |
| Square Footage | Other |
| Acres | 0.20 |
| Year Built | 1966 |
| Type | Multi-Residential |
| Sub-Type | Mixed Use or Other Multi-Unit |
| Status | Active |
Community Information
| Address | 3345 E Fairmont Ave |
|---|---|
| Area | Other Area |
| City | FRESNO |
| County | Fresno |
| State | CA |
| Zip Code | 93726 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas Heat |
|---|---|
| Cooling | Room Air Conditioner(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Tar and Gravel Roof |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | Multi-family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Mendoza |
|---|---|
| Office | Broker's Network Inc |
| Contact Info | 408-639-8285 |