$3,250,000
$4,850,000
33.0%For more information regarding the value of a property, please contact us for a free consultation.
50 Beds
46 Baths
23,164 SqFt
SOLD DATE : 01/24/2025
Key Details
Sold Price $3,250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 23,164 sqft
Price per Sqft $140
MLS Listing ID 618527
Sold Date 01/24/25
Bedrooms 50
Full Baths 46
HOA Y/N No
Year Built 1987
Lot Size 0.920 Acres
Property Sub-Type Multi Family
Property Description
The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport, Open
Garage Spaces 6.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Foundation Concrete Perimeter, Wood Subfloor
Water Public
Schools
High Schools Clovis Unified
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