3345 East Fairmont Avenue

Fresno, CA 93726

$948,800
Price
—
Beds
4,800 Sq. Ft.
$198 / Sq. Ft.
4,800
Sq. Ft.
$198
per Sq. Ft.

Description

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.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.
  1. Listed by Michael Mendoza • DRE #00917457 • Broker's Network Inc

Property Details for 3345 East Fairmont Avenue

City
FRESNO
Building Type
OTHER
Property Sub Type
OTHER
Park Spaces Total
0
LISTING UPDATED: 11/02/2024 05:15 PM

Property Details for 3345 East Fairmont Avenue

StatusActive
MLS #ML81971613
Days on Market145
Taxes$12,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1966
Lot Size0.20 AC / 8,820 SF
CountyFresno County

Building Information for 3345 East Fairmont Avenue

Stories-Residences-Year Built1966Lot Size0.20 AC / 8,820 SF

Property Information for 3345 East Fairmont Avenue

Features
Utility Details
  • Heating: Gas
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Lot Sq Ft Apx: 8820
  • Lot Size Square Feet: 8820.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 4800
  • Year Built: 1966
  • Zoning: Mult
  • Acres: 0.2
Location Details
  • Elementary School District: Fresno Unified
  • FIPS Code: 06019
  • Parcel Number: 427-072-24
  • Board ID: Datashare MLSListings
Multi Family Information
General Details
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Annual Expense Year: 26500
  • Annual Taxes $: $12,000
  • Annual Gross Sched Income: $74,872
  • Annual Rental Income: $73,872
  • Net Operating Income: $46,126
  • Annual Insurance Expense: $4,500
  • Annual Maintance Expense: $4,500
  • Annual Management Expense: $0
  • Annual Utility Expense: $4,500
  • Operating Expenses: Maintenance/Repair, Trash Removal
Additional Information
Additional Information
  • Fireplace: No
  • High School District: Fresno Unified

Property History for 3345 East Fairmont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3345 East Fairmont Avenue

Taxable ValueLand$48,248Additions$605,793Total$654,041
Tax Record2024$8,368 ($697 / month)
Home Facts
Total Finished SqFt4,800 SqFtAbove Grade Finished SqFt4,800 SqFtStories2Lot Size8,820 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningCMXCountyFRESNOAPN427-072-24Fireplace TypeHas Fireplace

Schools near 3345 East Fairmont Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Thomas Elementary School
PublicK to 6

Tioga Middle School
Public7 to 8

Herbert Hoover High School
Public9 to 12

University High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3345 East Fairmont Avenue is for sale in Fresno, CA 93726. This property was listed for sale on July 2, 2024 by Broker's Network Inc, it's currently listed at $948,800. It has been on the market for a total of 145 days and was last sold on October 21, 2019. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Thomas Elementary School, Tioga Middle School and Herbert Hoover High School. 3345 East Fairmont Avenue is a 0-bed, 0-bath, 4,800 sqft built in 1966.

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Listing Courtesy of Broker's Network Inc

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.