CA > Folsom
Folsom, CA 95630,193 Blue Ravine RD #120
Folsom, CA 95630,193 Blue Ravine RD #120
Folsom, CA 95630,193 Blue Ravine RD #120
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Jaret & Kristi Ghent

Jaret & Kristi Ghent

+1(833) 567-7653
$549,000
Est. payment /mo
8.6 Acres Lot
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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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MetroList® Services, Inc
Listed by eXp Realty of California, Inc.
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193 Blue Ravine RD #120