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30027032
30027033

1228 Jefferson Ave, Clovis, CA 93612

JK
CA CA 01456017
Colliers - Fresno, California
CB
CA 02274060
Colliers - Fresno, California
Listed by Colliers - Fresno, California
$2,995,000
95 days on market
Updated 3 days ago

1228 Jefferson Avenue

Details
APN 498-110-16
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,000
Units 16
Occupancy 100%
Pro-Forma Cap Rate 7.11%
Price per SqFt $250
Class B
Year Built 1965
Lot Size (SqFt) 27,202
Zoning R3
Investment Type Stabilized

Tenants pay both PG&E and water/sewer.

Marketing description

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.

Tenants pay both PG&E and water, keeping expenses low.

Listing Contacts

JK
CA CA 01456017
Colliers - Fresno, California
CB
CA 02274060
Colliers - Fresno, California
Listed by Colliers - Fresno, California

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Additional Information

Name
Jeff Kim
License
CA 01456017
Name
Chris Byrd
License
02274060
Brokerage
Colliers International
Brokerage Phone
5592211271
Brokerage Address
7485 North Palm Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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