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https://www.londonproperties.com/property/link/fresno/642032/616-N-Fulton-St/Fresno/Tower-District/https://www.londonproperties.com/images/props/fresno/full/642032.jpgLondon Properties Fresno Real Estate | 616 N Fulton St
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 $1,200/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
$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 - $28,239
6.64% 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.
Utilities, Taxes, Insurance, Maintenance Fees, Parking Area
Operating Income
40800.00
Operating Expense
12560.88
Existing Loan
Free & Clear
71109
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Courtesy of Vasilios Sotiropulos, Hyatt Real Estate - [email protected] Last modified 1 day ago Fresno MLS last checked for updates 57 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.