$5,950,000
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.
FR26207126
MLS
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1491 Alluvial, Clovis