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$ 2,995,000
Est. payment | /mo
32 Beds
16 Baths
12,000 SqFt
$ 2,995,000
Est. payment | /mo
32 Beds
16 Baths
12,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $249
MLS Listing ID 642577
Bedrooms 32
Full Baths 16
HOA Y/N No
Year Built 1965
Lot Size 0.624 Acres
Property Sub-Type Multi Family
Property Description
This well-maintained 16-unit multifamily property, located in the highly sought-after city of Clovis, presents an exceptional investment opportunity with both strong in-place income and future upside. The property is currently generating approximately $16,572 per month in gross rents, with clear potential to increase income by aligning rents with current market rates.
Comprised of sixteen spacious 2-bedroom, 1-bathroom unitseach approximately 750 square feetthe property is in turnkey condition, offering minimal maintenance needs and a smooth transition for new ownership. An on-site laundry facility provides added convenience for tenants and an additional income stream for the owner.
Set in a prime location with high rental demand, this asset offers investors immediate cash flow along with the opportunity for long-term appreciation and value growth. Don't miss the chance to acquire a consistent, high-performing asset in one of the Central Valley's most desirable rental markets.
Comprised of sixteen spacious 2-bedroom, 1-bathroom unitseach approximately 750 square feetthe property is in turnkey condition, offering minimal maintenance needs and a smooth transition for new ownership. An on-site laundry facility provides added convenience for tenants and an additional income stream for the owner.
Set in a prime location with high rental demand, this asset offers investors immediate cash flow along with the opportunity for long-term appreciation and value growth. Don't miss the chance to acquire a consistent, high-performing asset in one of the Central Valley's most desirable rental markets.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport
Community Features Utility Room
Utilities Available Public Utilities
Roof Type Rolled/Hot Mop,Metal
Building
Lot Description Urban
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Clovis Unified
Listed by The JKRE Investment Group
NEARBY SCHOOL & BUSINESS