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Multifamily

629 W Ashlan Ave

629 W Ashlan Ave, Clovis, CA 93612

Listing Price: $670,000

Cap Rate
5.36%
Number of Units
4
Occupancy
97.0%
Price/Unit
$167,500
Price/Gross SF
$161.68
Gross SF
4,144

Investment Overview

Marcus & Millichap is pleased to present West Ashlan Avenue Apartments located in Clovis, California. The property consists of a two-story building constructed in 1976. The unit mix is comprised of two (2) two-bedroom/two-bathroom units, one (1) two-bedroom/one-and-a-half-bathroom unit and one (1) two-bedroom/one-bathroom unit. All units are approximately 1036 square feet. The building features a pitched composite roof, individual water heaters, central heat and air, dual pane windows, and assigned parking. Located in the heart of the great San Joaquin Valley, in the Fresno-Clovis Metropolitan Area, 629 W Ashlan Avenue is situated in the midst of the richest agricultural area in the world. Minutes from Sierra Highway 168 and a short drive to California State University of Fresno, this property offers a variety of recreational indoor/outdoor activities accompanied by some of the best eateries and attractions this region has to offer. Clovis has maintained a small town community spirit as envisioned by its early founders, which is exemplified by a nationally acclaimed school district, responsive safety services, engaged local government and community events such as the annual Clovis Rodeo, Big Hat Days, Friday Night Farmer’s Market and Clovisfest celebrations. Community pride, combined with Clovis’ unique growth opportunities and strong community identity, continues to attract new residents, developers, businesses, and industries to the city. This offering provide a new investor with the opportunity to purchase a versatile, value-add property consisting of a very desirable unit mix in a supply constraint market with a strong rental demand. Through steady rent increases year over year and the historically low interest rate environment, an investor has the ability to lock in a long-term interest rate enhancing the future cash flow of the property for many years to come. Drive by only. All property showings are subject to sellers accepted offer only. Please consult Marcus & Millichap listing agent for more details. Please do not disturb tenants.

Investment Highlights

  • Desirable Units Mix of Two and Three Bedroom Units
  • All Units Individually Metered With Central Heating and Air
  • Prime Location
  • Rent Growth Upside
  • Individually Assigned Parking Garages

Exclusively Listed By

Multifamily

629 W Ashlan Ave

Listing Price: $670,000

Cap Rate
5.36%
Number of Units
4
Occupancy
97.0%
Price/Unit
$167,500
Price/Gross SF
$161.68
Gross SF
4,144

Investment Highlights

  • Desirable Units Mix of Two and Three Bedroom Units
  • All Units Individually Metered With Central Heating and Air
  • Prime Location
  • Rent Growth Upside
  • Individually Assigned Parking Garages

Investment Overview

Marcus & Millichap is pleased to present West Ashlan Avenue Apartments located in Clovis, California. The property consists of a two-story building constructed in 1976. The unit mix is comprised of two (2) two-bedroom/two-bathroom units, one (1) two-bedroom/one-and-a-half-bathroom unit and one (1) two-bedroom/one-bathroom unit. All units are approximately 1036 square feet. The building features a pitched composite roof, individual water heaters, central heat and air, dual pane windows, and assigned parking. Located in the heart of the great San Joaquin Valley, in the Fresno-Clovis Metropolitan Area, 629 W Ashlan Avenue is situated in the midst of the richest agricultural area in the world. Minutes from Sierra Highway 168 and a short drive to California State University of Fresno, this property offers a variety of recreational indoor/outdoor activities accompanied by some of the best eateries and attractions this region has to offer. Clovis has maintained a small town community spirit as envisioned by its early founders, which is exemplified by a nationally acclaimed school district, responsive safety services, engaged local government and community events such as the annual Clovis Rodeo, Big Hat Days, Friday Night Farmer’s Market and Clovisfest celebrations. Community pride, combined with Clovis’ unique growth opportunities and strong community identity, continues to attract new residents, developers, businesses, and industries to the city. This offering provide a new investor with the opportunity to purchase a versatile, value-add property consisting of a very desirable unit mix in a supply constraint market with a strong rental demand. Through steady rent increases year over year and the historically low interest rate environment, an investor has the ability to lock in a long-term interest rate enhancing the future cash flow of the property for many years to come. Drive by only. All property showings are subject to sellers accepted offer only. Please consult Marcus & Millichap listing agent for more details. Please do not disturb tenants.

Exclusively Listed By

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