For Sale
$948,800
3345 Fairmont AveFresno, CA 93726
Excellent Cash Flow, 100% Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Six-unit apartment building in Fresno, CA, on an 8,820 sq ft lot.
- Each unit is a 700 sq ft, 2 bed/1 bath.
- 100% occupancy with $6,500 gross monthly rent and $46,126 NOI.
- Asking price: $948,800 ($158,133 per unit), 4.86% cap rate.
- Built in 1966, Class C property, 4,800 sq ft, offered as LLC, suitable for 1031 exchange.
- Three units recently renovated; upside potential via rent increases and RUBS implementation.
Property Details for 3345 Fairmont Ave
- Property type
- Apartment buildings
- Square Feet
- 4,800 SF
- Class
- C
- Year Built
- 1966
- Stories
- 2
- Units
- 6
Location Insight
- City
- Fresno
- County
- Fresno
- State
- California
- Latitude
- 36.806945
- Longitude
- -119.7680431
3345 Fairmont Ave, Fresno, California
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