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Sold for $2,500,000 Sold

3080 N Peach Avenue
Clovis, CA 93612

30 units | Multi Family Home
1.76 acres - MLS# 480751
Property Photo
1/19

Sold

Sold for $2,500,000 on Jun 23, 2017

Description

Super single level (30) unit Garden Style property located in Clovis market on a high traffic count street with below market rents.The property features (27) 2 bedroom/ 1 bath and (3) 2 bedroom/ 1.25 bath w/stackable washer/dryer units. This property has had some major capital improvements over the past three years. All units have been retrofitted with the (10) year battery operated smoke and CO2 devices. The parking lot was asphalted in 2015 and pool was re-plastered in 2014.In the last two years (8) of the original A/C units have been replaced along with (7) water heaters! The capital improvements have stabilize tenancy and operating cost. And, owner has yet to optimize rents!!

Features

  • Additional Parking: Carport
  • Annual Expense: 111299.00
  • Annual Income: 275103.00
  • Baths: 30
  • Bedrooms: 60
  • County/Area: Fresno County
  • Dishwasher: All Units
  • Disposal: All units
  • Elementary School: Tarpey
  • Estimated Selling Date: 1800-01-01
  • Expenses Include: All
  • Exterior: Stucco
  • Facilities: Pool, Cabana, Play Yard
  • Fireplace: More than One Unit
  • Foundation: Concrete
  • Full Baths: 30
  • Gas & Electric: Public Utilities
  • Heat/Cool: Central Heat/Cool
  • High School: Clovis
  • Income Includes: Unit Rent, Laundry
  • Leased Equipment: Washer/Dryer (s)
  • Listing Status: Sold
  • Lot Measurement: SqFt
  • Lot Size: 1.7600
  • Lot Square Footage: 76560.00
  • Middle School: Clark
  • Net Income: 163804.00
  • Property Type: Multi Family Home
  • Refrigerator: All Units
  • Region: Urban
  • Roofing: Composition
  • School District: Clovis Unified
  • Sewer/Water: Public Water, Public Sewer
  • Sold Date: 2017-06-23 00:00:00
  • Sold Price: 2500000.00
  • Sources of Inc/Exp: Projected
  • Special Features: Private Patios, Extra Storage
  • Sq.Ft.: 27408
  • Square Footage Source: Tax Records
  • Stories: One
  • Stove: All units
  • Sub Type: 16 Units & More
  • Tenant Pays: Electricity, Gas
  • Total Baths: 30.00
  • Total Buildings: 8
  • Units: 30
  • Yard: Sprinkler - Front, Sprinkler - Back, Sprinkler - Auto, Mature Landcsape
  • Year Built: 1971
  • Zip Code: 93612