193 Blue Ravine Road Unit #120, Folsom, CA 95630
- $549,000
- List Price
- $549,000
- MLS#
- 226076681
- Status
- ACTIVE
- Type
- Single Family Residential
- Zip
- 95630
- City
- Folsom
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.
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Additional Information
- Unit Number
- 120
- Land Area (Acres)
- 8.6
- Year Built
- 2005
- Subtype
- Office
- Construction
- Concrete
- Garage
- Open, Private, Uncovered
- Floor Coverings
- Carpet
- Cooling
- Central
- Heat
- Central
- Water
- Public
- Utilities
- None
- Sewer
- Public Sewer
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Listing courtesy of Exp Commercial of California, Inc..
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .