617 N Fulton St, Fresno, CA 93728

This owner-user/investment opportunity presents a unique blend of versatility and income potential, with three established long term tenants already occupying the space. The property offers a strategic advantage for an owner-user seeking a functional space with existing rental income streams. Investors will appreciate the stability provided by the current tenants, creating an attractive proposition for those looking to diversify their portfolio in a thriving location. Each unit offers an open floor plan with a private restroom. Two of the units have automatic remote controlled wrought iron gates located in the back for a secure & private exit/entrance. Unique investment offering easy-to-rent spaces on high visibility Fulton St, with easy access to major freeways.

The value-add opportunity consists of addressing the under-market rent of the (1) tenant, extending lease length over the next 6-12 months. Value-add opportunity with actual rents of $39,600/year collected plus upside potential. After addressing the slightly under-market rents, the realistic stabilized gross annual income is $43,260. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units. Once stabilized, the deal offers a 7.83% CAP rate and a 8.05% cash-on-cash return.