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1228 Jefferson Ave 16 Unit Apartment Building $4,327,352 CAD ($270,460 CAD/Unit) 4.68% Cap Rate Clovis, CA 93612
INVESTMENT HIGHLIGHTS
- Qualifies for housing assistance programs such as Section 8 Strong cash flow potential and a solid foundation for investors seeking portfolio growth C
- Centrally located in Fresno and in close proximity to Freeways 168
- Strong cash flow potential and a solid foundation for investors seeking portfolio growth
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $4,327,352 CAD | Apartment Style | Garden |
| Price Per Unit | $270,460 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 4.68% | Building Size | 12,000 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3 - Apartments | ||
| Price | $4,327,352 CAD |
| Price Per Unit | $270,460 CAD |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Smoke Free
1 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 498-110-16 | Improvements Assessment | $1,455,889 CAD |
| Land Assessment | $220,833 CAD | Total Assessment | $1,676,722 CAD |
PROPERTY TAXES
Parcel Number
498-110-16
Land Assessment
$220,833 CAD
Improvements Assessment
$1,455,889 CAD
Total Assessment
$1,676,722 CAD
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1228 Jefferson Ave
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