1491 Alluvial, Clovis, CA 93611
1491 Alluvial, Clovis, CA 93611
1491 Alluvial, Clovis, CA 93611
1491 Alluvial, Clovis, CA 93611
1491 Alluvial, Clovis, CA 93611
1491 Alluvial, Clovis, CA 93611
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$ 5,950,000
Est. payment | /mo

1.04 Acres Lot


$ 5,950,000
Est. payment | /mo

1.04 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID FR26207126

HOA Y/N No

Year Built 2024

Lot Size 1.040 Acres

Property Sub-Type Apartment

Property Description

An extraordinary investment opportunity in Clovis, CA with a pristine, 2024-built 12-unit multifamily complex. Situated in the highly sought-after Buchanan High School attendance area, a community synonymous with quality education and enduring value, this property represents a rare chance to acquire new, premium construction. What sets it apart even further is the inclusion of owned solar panels, a forward-thinking feature that significantly reduces energy expenses and enhances long-term profitability.
The property presents a blend of unit types. You'll find two generously sized 3-bedroom, 2-bathroom residences, each paired with a convenient 1-car detached garage. Alongside these are ten stylish 2-bedroom, 2-bathroom units, each also boasting its own dedicated 1-car detached garage. Every apartment is equipped with in-unit laundry hookups, a must-have amenity for modern tenants.
The strategic location is a story in itself, offering residents a lifestyle of ease and connectivity. The walkability to Century Elementary School. Moreover, the close proximity to the California Health Sciences University (CHSU) College of Osteopathic Medicine, Clovis Community Hospital, Dry Creek Park, Clovis Botanical Garden, and major transportation routes like Highway 168 ensures that work, healthcare, and travel are all within easy reach. Daily conveniences are just a short trip away, with Save Mart and Vons serving the neighborhood's needs.
Financially, this turnkey 2024 development is positioned for success. Based on owner-provided figures, the estimated gross annual rental income reaches $358,080, with an anticipated net operating income (NOI) of $239,914. The owned solar system isn't just an amenity; it's a strategic asset that contributes directly to the property's financial performance and appeal. This is your moment to acquire a high-quality, strategically located multifamily asset in a dynamic and high-demand Central Valley market.

Location

State CA

County Fresno

Interior

Heating Central

Cooling Central Air

Inclusions NA

Fireplace No

Laundry Electric Dryer Hookup, Inside

Exterior

Parking Features Asphalt, Door-Single, Garage

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Sidewalks

Roof Type Spanish Tile

Total Parking Spaces 27

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 56314235

Acceptable Financing Cash, Submit

Green/Energy Cert Solar

Listing Terms Cash, Submit

Special Listing Condition Standard

Virtual Tour https://media.reesphoto.pro/videos/01a042e1-6cdc-72d1-b775-26502bf4cdc3?v=496

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jared Martin Strong Holdings Inc 559-779-1504, DRE #01319553

Nearby Locations

Preet Sandhu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1491 Alluvial

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