1228 Jefferson Ave - Apartments FOR SALE


Clovis, CA 93612- East Fresno
$3,100,000 USD
760-987-5332
1228 Jefferson Ave, Clovis, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/21
null | 4.68% Cap Rate

1228 Jefferson Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Qualifies for housing assistance programs such as Section 8 Strong cash flow potential and a solid foundation for investors seeking portfolio growth C
  • Strong cash flow potential and a solid foundation for investors seeking portfolio growth
  • Centrally located in Fresno and in close proximity to Freeways 168

OVERVIEW

This well-maintained 16-unit property located in the highly desirable city of Clovis offers a fantastic investment opportunity. Current monthly gross rental income is $16,572, with significant potential to increase rents to match current market rates. The property is in turnkey condition, requiring minimal maintenance and providing a seamless transition for a new owner. With its prime location and steady income stream, there is significant upside potential for investors to capitalize on the growing demand in the area. The property is comprised of 16 2-bed, 1-bath units, each approximately 750 square feet. Additionally, there is an on-site laundry facility, adding convenience for residents and a potential revenue stream for the property owner. This is an excellent opportunity to acquire a prime asset in a sought-after market, offering both immediate cash flow and future growth potential. Units are individually metered for P.G.&E. and water.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

16

PRICE/UNIT

$193,750

CAP RATE

4.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,203 SF

ZONING

R3

APN/PARCEL ID

498-110-16

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

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