This well-maintained 16-unit multifamily property, located in the highly sought-after city of Clovis, presents an exceptional investment opportunity with both strong in-place income and future upside. The property is currently generating approximately $16,572 per month in gross rents, with clear potential to increase income by aligning rents with current market rates.<br><br>Comprised of sixteen spacious 2-bedroom, 1-bathroom unitseach approximately 750 square feetthe property is in turnkey condition, offering minimal maintenance needs and a smooth transition for new ownership. An on-site laundry facility provides added convenience for tenants and an additional income stream for the owner.<br><br>Set in a prime location with high rental demand, this asset offers investors immediate cash flow along with the opportunity for long-term appreciation and value growth. Don't miss the chance to acquire a consistent, high-performing asset in one of the Central Valley's most desirable rental markets.
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Listing Snapshot
Price
$2,995,000
Days On Site
79 Days
Bedrooms
32
Inside Area (SqFt)
12,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.6245 Acres
Year Built
1965
MLS® Number
642577
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 months ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.6245
Foundation
Concrete Perimeter
Property Sub Type
Multi Family
SqFt Total
12000
Water Source
Public
Interior Features
Heating
Central
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Exterior Features
Construction Details
Stucco
Roof
MetalRolled/Hot Mop
Community Features
MLS Area
612
School District
Clovis Unified
Schools
School District
Clovis Unified
Elementary School
Jefferson
Middle School
Clark
High School
Clovis
Listing courtesy of Jin Kim of The JKRE Investment Group jeff@jkregroup.com
Listing information is provided by Participants of the Fresno MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Fresno MLS.
Last checked: 2026-04-11 12:03 PM UTC
Neighborhood & Commute
Source: Walkscore
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