This well-maintained 16-unit property located in the highly desirable city of Clovis presents a fantastic investment opportunity. Current monthly gross rents total $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.
Property Details
Price:
$3,100,000
MLS #:
627413
Status:
Active
Beds:
32
Baths:
16
Address:
1228 Jefferson Avenue
Type:
Multi Family
Subtype:
16 Units & More
Neighborhood:
612
City:
Clovis
Listed Date:
Mar 24, 2025
State:
CA
Finished Sq Ft:
12,000
ZIP:
93612
Lot Size:
27,202 sqft / 0.62 acres (approx)
Year Built:
1965
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Schools
School District:
Clovis Unified
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Community
- Address1228 Jefferson Avenue Clovis CA
- Area612
- CityClovis
- CountyFresno
- Zip Code93612
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