$549,000
1,610
square ft

193 Blue Ravine Road #120
Folsom, California 95630

New / MLS #225072302 / Institutional or Developmental / Folsom
Listing information updated 6/4/2025 at 3:27pm
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.

Listing Office: eXp Realty of California, Inc.

Disclaimer: All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList CA data last updated 6/4/2025 at 3:27pm.

Map of 193 Blue Ravine Road #120, Folsom, CA 95630

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193 Blue Ravine Road #120, Folsom, CA 95630 is a institutional or developmental currently listed at $549,000. This institutional or developmental has been listed on Christie's International Real Estate Sereno since June 4th, 2025 and was built in 2005.

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