1047-1055 Adler Dr - Apartments FOR SALE


Clovis, CA 93612
$1,400,000 USD
559-288-8803
1047-1055 Adler Dr, Clovis, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1047-1055 Adler Dr
Clovis, CA 93612


OVERVIEW

Below Market Rents: Our Rent Survey reveals at least another 35 cents per square foot is available with no additional upgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums as much as $50.00 to $100.00 per month. Desirable Unit Mix: The unit mix consists of (5) two-bedroom and one-and-a-half bath units averaging 969 square feet and one (1) 3-bedroom and one-and-a-half bath home averaging 1,400 square feet. All units have indoor laundry hookups. Access to Major Employment and Education Centers: Adler is just east of California State University-Fresno. To the south is Freeway 168.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,001 SF

ZONING

A05

APN/PARCEL ID

420-063-02,420-063-03

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.