• Year Built: 1951
1526 N Palm Ave is a mixed-use property located in Fresno, CA. The property currently has 1 office space and 1 retail space for lease and is marketed by CBC Corporate.
A great opportunity to own a single property with a commercial store front on Palm and a residential home behind on Ferger. 1526 N Palm is block wall construction, has a showroom, back office/storage, and bathroom complete with shower. Central heat and cool, and currently gets $850 per month base rent, NNN lease where tenant pays (reimbursement) for property taxes and insurance. (Lease term is 10/1/17-9/30/2020) The 3 bedroom 1 bathroom home behind the commercial building is on 1533 N Ferger, has central heating and cooling, laundry room inside, and gets $1,100 per month rent (month to month lease), and there is room for a $100/month increase. Each unit has its own PGE meter. A great opportunity to diversify and have one property producing both residential and commercial rental income. Total annual net income is $22,878, 10% CAP! PLEASE DO NOT DISTURB TENANTS
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