Property Details
About this Property
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.
MLS Listing Information
MLS #
ME225072302
MLS Source
MetroList Services, Inc.
Days on Site
201
Commercial Information
# Buildings / # Units
0 / 20
Parking Spaces
0
Present Use
Office
Utilities
None, Water - Public
Interior Features
Flooring
Carpet
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition, Flat
Parking, School, and Other Information
Sewer
Public Sewer
Water
Other, Public
Zoning
BP PD
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | 20 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
193 Blue Ravine Rd 120 is a Commercial Sale in Folsom, CA 95630. This 1,610 square foot property sits on a 8.6 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $549,000 and was built in –. This address can also be written as 193 Blue Ravine Rd #120, Folsom, CA 95630.
©2025 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of June 04, 2025. For the most current information, please contact Corey McKinney, (530) 556-9488
