25 W San Jose Avenue, Clovis, CA 93612

8 beds
3,584 sqft

Multi-Family Home
Built in 1969
0.3acre lot
—— car garage
$216/sqft
Listed 1 month ago

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.

Listing Status:: Pending
Listing Office:: Brendan Kane Real Estate : 559-892-0036
Listing Agent:: Brendan L. Kane : 559-892-0036
MLS ID:: 634596

This listing courtesy of Brendan L. Kane, Brendan Kane Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sierra Vista Elementary School

510 Barstow Ave, Clovis, CA, 93612

Grades KG-6

0.40 miles away

Clark Intermediate School

902 5th St, Clovis, CA, 93612

Grades 7-8

1.04 miles away

Clovis High School

1055 Fowler Ave, Clovis, CA, 93611

Grades 9-12

1.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.