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$549,000
Est. payment /mo
8.6 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225072302
HOA Y/N No
Year Built 2005
Lot Size 8.600 Acres
Acres 8.6
Property Sub-Type Office
Source MLS Metrolist
Property Description
Fully Leased Office Condo - Passive Income with Long-Term Tenant. This is your chance to own a turnkey, passive income property in one of Folsom's most desirable professional corridors. Located at 193 Blue Ravine Road, this ground-floor office condo is fully leased to a well-established tenant who has occupied the space for over 13 years, with a lease secured through June 2028 and built-in 3% annual rent increases. The property generates $44,472 in annual income, with a net operating income of $28,186 after expenses and HOA reserves. At the asking price of $549,000, this delivers a solid 6.0% cap rate, making it an excellent fit for any investor seeking stable, low-maintenance returns. The building features a modern, professional design with mature landscaping, large windows for natural light, and plenty of on-site parking. Located close to major roads, shopping, and services, this condo is part of a professionally managed complex with most maintenance costs covered by the HOA. If you're looking for a dependable, hassle-free investment with long-term upside this one checks all the boxes.
Location
State CA
County Sacramento
Area 10630
Direction Folsom Blvd to Blue Ravine right to Natoma Station
Location Details Professional Complex
Interior
Heating Central
Cooling Central
Flooring Carpet
Exterior
Parking Features Open, Private, Uncovered
Utilities Available None
Water Access Desc Public
Roof Type Composition,Flat
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 072-0850-035-0027
Special Listing Condition None
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Listed by eXp Realty of California, Inc.