224 W Gettysburg Ave
Clovis, CA 93612
Clovis 4-Plex True 6 Cap w/ Sub Market Rents · Multifamily Property For Sale
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4 Units
Property Facts
| No. Units | 4 | Building Size | 3,312 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | R3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,312 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Carpet
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
About 224 W GETTYSBURG AVE , CLOVIS, CA 93612
Well maintained Clovis 4-Plex, all 2/1's, with stoves,dishwashers,and fridges in all units. There is a common area shared laundry room, however it is currently empty and not being used or operated. Each unit has 1 carport space for parking. This complex has been well maintained, including a new carport roof February 2019 from All State Roofing, and new HVAC July 2017 for unit#102. The current rents are $725/unit, with market rents being $825-$850. The current numbers with $725 rents are a 6 Cap ($34,800 annual gross income)($9,220.74 annual expenses) giving an annual net income of $25,579.26. Expenses include Water/Sewer/Garbage, Taxes, Insurance, Gardener, Common area PGE for security lights, and property management fees. Tenants have been there since 2016,2016, and 2011, with 1 unit currently vacant. Please see 70 photos with this listing, including interior photos of all 4 units. With current market rents, you can get to a 7 cap in Clovis!
Property Taxes
| Parcel Number | 499-311-11 | Improvements Assessment | $457,360 |
| Land Assessment | $55,774 | Total Assessment | $513,134 |
Property Taxes
