For more information regarding the value of a property, please contact us for a free consultation.
25 W San Jose AVE Clovis, CA 93612
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $216
MLS Listing ID 634596
Bedrooms 8
Full Baths 4
Year Built 1969
Lot Size 0.298 Acres
Property Sub-Type Quadruplex
Property Description
Situated in the Clovis submarket, a desirable area within the Fresno metro known for strong rental demand and tenant stability. Property consists of 4 units, each two-bedroom, one-bath, single-level, 900 sq ft per unit (total 3,600 sq ft). Solid Income Potential: With a scheduled market rent of$69,600 annually and current average rents at$1,400 per unit, the property demonstrates strong rental income potential. Healthy Net Operating Income (NOI): The pro forma NOI is projected at$42,335, indicating a robust income stream after accounting for operating expenses. Competitive Cap Rate: The pro forma cap rate of 5.46% suggests a favorable return on investment relative to the property's net operating income.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Clovis Unified
Read Less
GET MORE INFORMATION